Rare opportunity to acquire a prime north west portfolio comprising three single let industrial warehouses
All assets are situated on strong and established industrial parks across, Warrington, Wardley and Burnley
Total Gross Internal Area of 106,856 sq ft
Fully let to tenants including Kyocera Senco, Howden Joinery and Doric FPD
Howden's and Doric have removed their upcoming break clauses showing their commitment to the properties
Both Doric and Kyocera Senco are willing to engage in lease regear negotiations as they look to further commit to the properties
WAULT of 5.06 years
All properties are held Freehold
Warrington is 38% of the income, benefits from uncapped RPI rent review, with the next review due in April 2022
Burnley unit has an open market rent review in 2022 and there is significant revisionary value in the rent
A total passing rent of £472,390 per annum which reflects a low rent of just £4.42 psf
Strong revisionary potential with an estimated rental value of £557,749 per annum (£5,22 psf)
Low Capital Value of just £75.35 psf
