Cumbria Portfolio - High Yielding Multi-Let Industrial Portfolio
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Price
£3,100,000
Rent (pa)
£365,083
Yield
8.51%
Investment Summary
- High yielding multi-let industrial portfolio
- Comprises 4 separate estates along the Cumbrian coast
- Cumbria has a diverse economy with particular strengths in manufacturing and the nuclear industry
- A total of 77,142 sq ft of multi-let industrial space
- Let to a variety of tenants with a number of 5A1 covenants
- Total AWULT across the portfolio of 2.9 years to expiry, and 2.0 years to breaks
- Total rental income of £280,737 per annum
- Low rental rate of just £3.61 psf
- Total ERV of £365,083 per annum (£4.17 psf)
- Offers in excess of £3,100,000 (STC)
- Net Initial Yield of 8.51%
- Est. Reversionary Yield of 11.06%
- Low Capital Value of £40 psf
Interested in this property?
Contact our team for more information or speak directly with Daniel Campbell.
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