Fully let prime multi-let urban logistics investment

Fully let prime reversionary South East industrial / urban logistics estate. Wallingford is a strategic location in South Oxfordshire benefiting from connectivity from the M40 and M4 motorways. The estate is situated on the established Hithercroft Road industrial estate, occupiers include Royal Mail, Howdens, MKM Building Supplies and Fugro. The estate extends to 153,483 sq ft GEA across 12 units on a site area of approximately 7.56 acres providing a low site cover of 47%. Current passing rent of £1,751,690 per annum reflecting an average rent of £11.41 per sq ft. Let to 9 tenants across 12 units, on FRI leases with a WAULT to breaks of 7.1 years and expiries of 9.3 years. Units benefit from a high quality institutional specification with outstanding sustainability features, being a net zero carbon development built to BREEAM 'Excellent' and EPC A+. Exceptional tenant line up from Oxford's knowledge-based economy from the technology, life science, chemical engineering and robotics sectors as well as storage and trade occupiers. Demonstrable rental growth on the estate, with the most recent deal agreed at £14.00 per sq ft.