PROPERTIES

Marble Portfolio

Marble Portfolio

  • Price£8,515,000
  • Income£638,680
  • Yield7%
  • SectorOther
  • StatusAvailable

Six Trade Counter Units Let to Topps Tiles

Summary

  • Opportunity to acquire a south east focused portfolio of well-let trade counter units.
  • 6 prominent trade counter units totalling 50,517 sq ft (4,693.1 sq m)
  • Situated in strong towns/cities within established trade locations
  • Topps Tiles have continued to pay their rent throughout the lockdown period
  • All units let to the secure covenant of Multi Tile Limited (t/a Topps Tiles)
  • AWULT of c.5 years unexpired (certain)
  • Total passing rent of £638,680 per annum
  • All leases subject to annual RPI lined review with a minimum uplift of 2.5% with the exception of Glasgow which has a minimum of 2% uplift
  • All properties held on Freehold/ Heritable interests
  • We are instructed to seek offers in excess of £8,515,000 (Eight Million, Five Hundred and Fifteen Thousand Pounds),subject to contract and exclusive of VAT
  • A purchase at this level provides a Net Initial Yield of 7.00%, which will rise every year in accordance with the fixed rental increases.