Project Willow - Uncapped Index Linked Long Income Portfolio

Bishop's Stortford, CM23 3UL

Sold

Price £70,530,000

Rent (pa) £6,115,443

Yield 8.12%

Investment Summary

Uncapped Index Linked Long Income Portfolio
Eight prime high street retail stores
Geographically diverse portfolio in established prime pitches within their respective towns
336,182 sq ft of floor space
All properties are let to the strong covenant of Boots UK Limited
Tenant paid rent on all proeprties throughout Covid Pandemic
Boots UK Limited (D&B 5A2) is £6bn tunrover business 2,360 stores and 58,000 employees
FRI leases expiring 30thJune 2034 (12 years unexpired)
Total annual rental income of £6,115,443 per annum
Annually recevied rental uplifts to CPI without cap
Significant development/alternative use potential
Majority of properties held Freehold, with two long leasehold sites
The properties are held in individual Guernsey Unit Trusts and consideration will be given to a sale of units
Offers in excess of £70,530,000 (STC)
Net Initial Yield of 8.12%

Town Bishop's Stortford

Postcode CM23 3UL

Contact our team for more information or speak directly with Mark Powell.