The Prospect Portfolio represents an excellent opportunity to acquire 4 freehold business space investments in strong occupational markets in the North West and Yorkshire.
152,526 sq ft of which 18% is currently vacant
32 tenancies across the 4 assets
Well specified accommodation which has been comprehensively refurbished by the vendor
Passing rent of £1,670,443 per annum
ERV of £1,805,019 per annum once fully let
AWULT to expiry of 5.9 years (3.1 years to break)
We are instructed to seek offers for the Portfolio in excess of £15,700,000 (STC),which reflects the following yield profile:-
9.97% NIY
10.77% Rev Yield
Low capital value of just £103 psf
Consideration will be given to disposal of the assets in isolation
