Apex II

• Prominently located last mile logistics warehouse extending to 84,964 sqft. 
• Let to AF Blakemore & Son Limited on a lease expiring December 2035.
• Rent review December 2029.
• Low passing rent of £652,860 pa equates to £7.68 psf.
• Full Repairing and insuring terms.
• ERV in the region of £8.25 psf.
• Lease renewed July 2024.
• The tenant has been in occupation since July 2009.
• Low site cover 32%.
• Freehold.

Offers in excess of £9,400,000 (Nine Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT.  Reflecting a Net Initial Yield of 6.51% and Cap Val
of £110.64 psf.