Industrial

Eddie Stobart, Mountpark Bardon LE67 1ND

 

Price: £38,000,000 - Initial Yield:4.75%

Date: Q2 2018

Acting on behalf of M&G Real Estate we advised on the purchase of this high quality logistics investment from Mountpark Logistics for c£38m, reflecting a net initial yield of c 4.75%.

Mountpark Bardon is a 72 acre logistics development in one of the Midlands’ premier distribution locations situated off J22 M1. The first phase of Mountpark Bardon consists of three units and extends to over 1.44 million sq ft, including the 1.06 million sq ft Fulfilment Centre which was is let to Amazon.

The unit totals 317,000 sq ft of newly developed logistics space with 15 metre eaves and is let at a rent of c £1.857m p.a reflecting £5.85 psft- The unit was let to Eddie Stobart Ltd for 15 years with reviews 5 yearly to the higher of Omrv or RPI cap and collared at 1-3% p.a.

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk


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