Opportunity to acquire two well-established Freehold manufacturing and distribution facilities in Rotherham and Liversedge. Strategically located in Yorkshire to cover an extensive road network via M1, A1(M) and M62 motorways New coterminous 15 year FRI leases to National Floorcoverings Ltd - a leading UK specialist in flooring for education, commercial and sports facilities. D&B 4A1 with growing turnover and tangible net worth in excess of £15m.
The sites extend to a combined GIA of 269,633 sq ft on a total site area of 15.72 acres. Total initial rent of £1,157,500 pa – £542,500 pa (£3.25 psf) at Liversedge and £615,000 pa (£6.00 psf) at Rotherham. 5 yearly upwards only rent reviews to the higher of OMR and CPI (annually compounded with 2.00%-4.00% collar and cap). A portfolio purchase at £13m is fully self-funded by Year 11 based on the minimum cumulative rental receipt.
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