Multiple warehouse/logistic properties (single let)

Opportunity to acquire multiple warehouse/logistic properties let to a single tenant totalling 168,000 sq.ft on a site of 8.84 acres. Hull is one of the UK’s most important seaports and has benefited from significant investment, particularly from the offshore energy industry. The site is adjacent to the Hull East Freeport. Let to DDP Hull Limited (guaranteed by D&P Haulage Limited) on a new FR&I 20 year inflation-linked lease expiring 2044. 5 yearly rent reviews to the higher of open market rental value or RPI compounded annually, collared and capped at 1% and 5%. Initial passing rent of £650,000 per annum, reflecting a low rent of £3.87 psf. A total minimum rent commitment of £14,300,000 by the tenant. DDP Hull Limited has a ‘Very Low Risk’ Experian score of 94/100.