Peugeot Distribution Facility

Tile Hill, Coventry, CV4 9HS
Property Investment Track Record
Peugeot Distribution Facility
Tile Hill, Coventry, CV4 9HS
October 2014

MK2 have recently advised on an off market acquisition on behalf of CCLA.

The distribution facility comprises 618,442 sq ft over 2 main buildings on a site of 34 acres.  Let to Peugeot Motor Company Plc for 14 years at a rent of £1,482,300 pa.  The rent is reviewed every 3 years in line with RPI index subject to a cap of 4.00% and a collar of 2.00%.  The rent is considered to be significantly below current open market rental levels.

Purchased for £20,000,000 reflecting a net yield of 7.00% and a capital value per sq ft of £34.21.

The vendor was Henley Properties.

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