Modern industrial warehouse unit totalling 2,107.6 sq m (22,686 sq ft).
□ Excellent access to the A34 and M4/M40 Motorways.
□ Principal Town Centre Industrial Estate with national covenants including Tesco Distribution, XPO Logistics, VitrA, Chef Direct and Better Bathrooms.
□ Let to Universal Window Repairs Limited, trading as Radley Windows, in occupation for over 30 years.
□ New reversionary lease providing an unexpired term of 12.35 years.
□ Contracted rent until 30 June 2021 of £155,342 in existing lease and contracted rent from 1 July 2021 of £152,840 in reversionary lease, to be topped up.
□ Rent review in 2026 based on annual compounded RPI over the first 5 years of the term.
□ Site area of 1.35 acres (0.547 hectares), providing a site cover of 37.7%.
□ Offers in excess of £2,200,000 subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6.50% and attractive capital rate of £97 psf, assuming standard purchaser’s costs.