Prime low site cover distribution investment

Prime, low site cover distribution investment located in the core South East market of Bedford. Units of this nature are extremely rare within the South East and are highly sought after by occupiers. Developed in 2016 and totalling 37,055 sq ft, the unit benefits from an excellent specification including 10 m eaves, 8 dock level and 2 surface level loading doors. Passing rent of £339,110 p.a, equating to a low rate of £9.15 psf. Seeking offers in excess of £6,500,000, subject to contract and exclusive of VAT, which reflects a Net Initial Yield of 4.89% assuming purchaser’s costs of 6.64%.