SOLD - New Frontier House, Interlink Park, Leicestershire

SOLD - New Frontier House, Interlink Park, Leicestershire

  • Strategically located in Leicestershire within the Midlands prime logistics Golden Triangle
  • Situated on Bardon Business Park between the M1 and M42 motorways
  • Let to Bunzl Retail & Healthcare Supplies Limited
  • Recently re-geared lease for a term of 10 years from November 2014
  • Modern distribution warehouse providing a total Gross Internal Area of circa 76,304 sq ft (GIA)
  • Low current passing rent of £381,520 per annum equating to £5.00 psf subject to upward only rent review on 2nd November 2019 giving excellent growth potential.
  • We are instructed to seek offers in excess of £5,340,000 (Five Million, Three Hundred and Forty Thousand Pounds) subject to contract, which reflects a net initial yield of 6.75% after allowing for purchasers costs of 5.8%. A purchase at this level would show a low capital value of £69.98 psf.
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