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CML Portfolio
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CML Portfolio

  • 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

Viewing and further information

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Alex Jones

Trainee Surveyor

+44 (0)7516 001 666

aj@christopherdee.co.uk
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Adam Wildig

Partner

+44 (0)7739 325 666

aw@christopherdee.co.uk
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