Industrial

SPL House, Poole Hall Industrial Estate, Ellesmere Port 

 

Price: £3,490,000 - Initial Yield:6.51%

Date: Q4 2017

Acting on behalf of LSH Investment Management we advised on the purchase of this industrial investment from SPL International for £3.49m, reflecting net initial yield of 6.51%.

The property comprises a modern, detached, self-contained distribution unit providing 48,896 sq ft of accommodation. Let on a new 20 year FRI lease to SPL International Ltd at an initial rent of £242,035 p.a (£4.95 psf) subject to 5 yearly rent reviews and a break option at the end of years 10 and 15. The property is held long leasehold for a term of 999 years with effect from 12 February 2008.

Contact

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


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