Industrial

RDC Warehouse, Springwood Drive, Braintree 

 

Price: £14,450,000 - Initial Yield:6.48%

Date: Q2 2017

Acting on behalf of Aberdeen Asset Managers we advised on the purchase of this industrial investment from Digica Group Finance for £14.45m, reflecting a net initial yield of 6.48%.

The property totals 351,167 sq ft and comprises a warehouse with adjoining two story office building and a separate maintenance building, surrounded by extensive car parking, loading and hardstanding. The site area is approximately 21.195 acres. The property is let to R D Trading Ltd for a further 7.73 years, with a guarantee from of Arrow Global Asset Distribution, Inc. The current passing rent is £1,000,000 p.a, subject to an uncapped RPI rent review on 2nd February 2020.

Contact

Matthew Brown

Tel: 020 7493 3330
Mob: 07836 724 420
mbrown@lewisellis.co.uk


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