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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