Prime Self Contained Industrial Site, Let On A New 15 Year Lease With Accretive "Higher Of OMV / RPI Indexed" Rent Review Provision
Summary
- 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 without break.
- Very low passing rent of just £325,000 per annum.
- We are instructed to seek offers for the freehold interest in excess of £6,100,000. A purchase at this level reflects a NIY of 5.00%, and just £2.26m.
per acre
