Secure long dated income with annual RPI indexation
Base rental growth secured against inflation, with potential for further strong rental income growth from turnover rent element
Limited new entries into the historically restricted market has led to increased profits across the sector
Purpose built and newly developed facility sitting on a large site of c. 31 acres
Let to Crematoria Management Limited for a term of 99 years commencing 13th March 2017, expiring 12th March 2116 (c. 96.5 years remaining) and guaranteed by Westerleigh Group Holding Limited
Westerleigh Group are a leading provider of cremations and funerals and provide a strong covenant
Total passing rent of £126,475 (including fixed increase of £15,000 in March 2020 to be topped up by vendor)
Freehold
Offers in excess of £2,650,000 (STC)
Representing a net initial yield of 4.50%
Estimated reversionary yield in 2023 of 5.27%
