Prime Self Contained Industrial Site, Let On A New 15 Year Lease With Accretive "Higher Of OMV / RPI Indexed" Rent Review Provision

• Prime industrial site, located in Northfleet adjacent to the A2, and with immediate access to the M25.
• Situated on Northfleet Industrial Estate surrounded by major industrial occupiers including Ao.com and Amazon (truck storage).
• Tenant is entrenched, having invested substantial capital to secure lawful use, and enhance site specification.
• Significant underlying reversion, with the passing rent being well below established prime industrial rents for the locality.
• Approximately 2.7 acres site with extremely rare & valuable planning consent for specific waste collection & distribution.
• Let in its entirety to Enva England Specialist Waste Limited on a new 15-year lease.
• Very low passing rent of just £325,000 per annum.
• We calculate this reflects only £12.00 psf on the buildings, and just £0.73 psf on the excess land.
• Extremely accretive review mechanism, with 5-yearly rent reviews to the higher of OMV or RPI
  indexed (collar and cap of 1% and 4%).