The building is currently let to the Rhodes Food Group, who are relocating in late 2018, when the building will be available for occupation. There are 3 years remaining on the lease presenting opportunities for both investors and owner occupiers. Under the terms of the current lease the building offers a 13.8% net yield. (Valuation based on 10.2% yield at open market rates).
On this property the guaranteed rental income (Until May 2021) & the land value of the property exceed the asking price, effectively offering the purchaser the buildings (5200m2 in extent) for free.
Price EXCLUDES VAT