Investment Consideration | - Well located South East Industrial Estate of 8 industrial warehouse units totalling 5,198 sq m (55,947 sq ft).
- Situated adjacent to Luton Airport and the A1081 dual carriageway, providing direct access to Central London and the M25 motorway via the M1 (junction 10) nearby.
- Long leasehold at a peppercorn rent.
- Let to 7 tenants on 7 leases with 1 vacant unit which has been refurbished.
- Average weighted unexpired term of 3.98 years to lease expiries and 3.28 years to breaks.
- Total rental income of £361,327 per annum reflecting £69.51 psm (£6.46 psf) overall.
- Offers sought in excess of £4,550,000 subject to contract and exclusive of VAT. This price reflects a net initial yield of 7.50%, net of acquisition costs of 5.80%.
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