Industrial

Talke 16, Pit Lane, Talke, Stoke-on-Trent 

 

Price: £12,400,000 - Initial Yield:6.46%

Date: Q2 2018

Acting on behalf of Clearbell Capital we advised on the purchase of this industrial investment from Parabola Land for £12.4m, reflecting net initial yield of 6.46%.

The property comprises a comprehensively refurbished, self-contained distribution unit providing 181,505 sq ft of accommodation. The warehouse has a minimum clear eaves height of approximately 10m, 19 dock level loading doors and 5 ground level access loading doors together with integral two storey office accommodation. Let on a new 10 year FRI lease (subject to a schedule of condition) to Centaur Services Ltd (with a guarantee from MWI Supply (UK Acquisition) Ltd) at a passing rent of £855,475 p.a (£4.71 psf) subject to a review in the fifth year. The property is held freehold.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Julian Gallagher

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


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