Kitling Rd
Prescot L34 9JA
Picton House · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- On Site Parking
- Solid Transport Links
EXECUTIVE SUMMARY
Offers in excess of £3,271,000 (Three Million, Two Hundred and Seventy One Thousand Pounds) subject to contract. A purchase at this level reflects an attractive Net Initial Yield of 7.20% (assuming enhanced purchaser’s costs of 7.41%). The property will be let upon
completion to Blends Limited on a new Full Repairing and Insuring 20 year lease at an initial rent passing of £252,983 per annum, reflecting £7.50 psf. 5 yearly upward only rental uplifts to the RPI (Retail Price Index), with annual collar and caps of 1% and 4% compounded. The lease is guaranteed by Blends Holdings Limited. The lease will also be subject to a photographic schedule of condition.
completion to Blends Limited on a new Full Repairing and Insuring 20 year lease at an initial rent passing of £252,983 per annum, reflecting £7.50 psf. 5 yearly upward only rental uplifts to the RPI (Retail Price Index), with annual collar and caps of 1% and 4% compounded. The lease is guaranteed by Blends Holdings Limited. The lease will also be subject to a photographic schedule of condition.
PROPERTY FACTS
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.92 AC |
| Rentable Building Area | 33,731 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Clear Ceiling Height | 25’3” |
AMENITIES
- Yard
- Automatic Blinds
