-PMG Markets Prime Industrial Investment
- Modern high bay Warehouse with GIA 184,687 sq ft.
- Minimum eaves 10.08M.
- Secure docks link.
- Single let to CMC UK Limited with a guarantee from strong covenant of Commercial Metals International GmbH.
- Producing £650,000 p.a topped up, reflecting £3.52 per sq ft.
- New re-geared lease from 1st October 2011 expiring 31st August 2022, subject to a tenant only 5th year break option (6months notice and £400,000 break penalty).
- Offers are sought in excess of £6,250,000 subject to contract and exclusive of VAT which reflects a net initial yield of 9.83% subject to purchasers costs of 5.8%.
- Low Capital Value of £33.84 per sq ft.
- Knight Frank selling agents.