November 28, 2019

SALE AND LEASEBACK OPPORTUNITY ON A PRIME LEICESTER INDUSTRIAL ESTATE AVAILABLE NOW

Antone Displays Limited have been in occupation on Braunstone Frith Industrial Estate since 1999.  The business has opted for a sale and leaseback due to a restructuring within the management team.  The two properties offer a total of 41,577ft² of industrial/warehouse space with ancillary office content.

The units are to be let on new 10 year full repairing and insuring lease terms with a total net rental income of £198,426 per annum with the benefit of fixed uplift rent reviews in Year 5 taking the net rental income to £210,000 per annum.  The properties are being guided at a net initial yield of 7.2% and a reversionary yield of 7.6% at a guide price of £2.6 million.  Equally there is an option to look at just purchasing one of the buildings alone.

For any further information and details of the investment opportunity please contact either Tim Gilbertson, Alastair Fearn or Chris Proctor on 0115 9507577.

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