Cumbria Portfolio - High Yielding Multi-Let Industrial Portfolio

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Cumbria Portfolio - High Yielding Multi-Let Industrial Portfolio
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
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