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Boardman Industrial Estate Boardman Rd 48,548 SF Industrial Building Swadlincote DE11 9DL $4,925,207 CAD ($101.45 CAD/SF) 7.83% Cap Rate
Investment Highlights
- Strategically situated on an established industrial Estate. Located midway between the A38 and A42 providing excellent connection to the wider road network.
- New 10-year FR&I lease from 22nd August 2019 to Tosca Supply Chain Solutions Uk Ltd, a 100% owned subsidiary of Tosca Belgium BV, and a global leader in reusable plastic packaging and performance pooling solutions. Tosca Belgium are Guarantor to the lease
- A conservative ERV of £5.00psf provides a reversion to £261,650pa.
- Freehold.
- Current rent £225,000 per annum reflecting only £4.30 psf.
- Offers in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds). A purchase at this level reflects an attractive net initial yield of 7.83%, with a potential reversion to 9.11% assuming usual purchaser’s costs and a capital value of only £51.6
Executive Summary
The unit comprises of a 48,548 sq. ft warehouse of steel portal frame construction with profile metal cladding with brick infill and ancillary office building.
We are instructed to seek offers in excess of £2,700,000 for the freehold interest. A purchase at this level reflects a Net Initial Yield of approximately 7.83%, with a potential reversion to 9.11% assuming usual purchaser’s costs and a capital value of £51.60 psf applying half rate to the canopy
We are instructed to seek offers in excess of £2,700,000 for the freehold interest. A purchase at this level reflects a Net Initial Yield of approximately 7.83%, with a potential reversion to 9.11% assuming usual purchaser’s costs and a capital value of £51.60 psf applying half rate to the canopy
Property Facts
| Price | $4,925,207 CAD | Property Subtype | Warehouse |
| Price Per SF | $101.45 CAD | Building Class | C |
| Sale Type | Investment | Rentable Building Area | 48,548 SF |
| Cap Rate | 7.83% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 2000 |
| Property Type | Industrial | Tenancy | Single |
| Price | $4,925,207 CAD |
| Price Per SF | $101.45 CAD |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Rentable Building Area | 48,548 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Tenancy | Single |
Amenities
- Courtyard
- Front Loading
- Yard
- Energy Performance Rating - E
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Boardman Industrial Estate | Boardman Rd
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