Clean Industrial Investment , Bude.
We are instructed to seek offers of £3,955,000, reflecting a net initial yield of 5% (Revisionary 5.2% yield).
Good quality modern industrial units re-constructed in 2018
Tenants include Screwfix, Dulux, Toolstation and City Plumbing
Five units comprising 23,926 sq.ft GIA.
Units ranging from 4,293sq. ft to 6,336sq. ft.
100% of the income is secured to National covenants-one unit vacant.
Headline ERV of £227,297 per annum (£9.50 per sq. ft).
Passing rent of £210,665.50 per annum, reflecting an average rent of £8.80 per sq. ft (includes rental guarantees on the vacant unit).