Portfolio of 4 manufacturing facilities across the UK

Portfolio comprises four highly successful and well established manufacturing facilities across the UK. Tenant long term commitment to the sites, supported by significant investment and business performance, provides a secure investment opportunity on assets underpinned by industrial and residential uses. The sites have been heavily invested in over the years and over the next three years tenant has a Capex programme of over £40m to further drive productivity and efficiency throughout its operations. The sites are within a strong labour catchment area to support business operations and are strategically located across the UK for delivery of goods. Combined total floor area of 672,244 sq ft and a total site area of 33.5 acres. Low site coverage across the entire portfolio with an average of 41%. A new 25 year lease with tenant only break options from the 10th anniversary (Cardiff, Sheffield, Hamilton) and a new 15 year lease with tenant only break options from the 5th anniversary (Pontypool). Five yearly upwards only rent reviews to the higher of the open market rent or compounded CPI (1.0%-3.0% annual collar and cap), subject to an overall cap of 15.927%. Combined total rent of £2,080,000 per annum, set a very low average rent of £3.09 per sq ft. All the properties are held Freehold (or Scottish equivalent).