Manufacturing and distribution facility (sale-leaseback)

Opportunity to acquire a 6.04 acre manufacturing and distribution facility in a dominant South East location. The premises comprises a total of 121,311 sq ft (GIA) across the northern and southern site. The units are to be offered by way of a sale and leaseback to Sleepeezee Limited for a 10 year term subject to a tenant only break option in year 6. There will be a rent review in Year 5 to the higher of OMRV or CPI subject to a collar of 2% and cap of 4% per annum compounded annually. Initial overall passing rent of £485,244 per annum equating to a highly reversionary blended rent of £4.00 per sq ft. The premises has an extensive catchment within a one-hour drive time with fast access to Greater London via the M25 which is reachable within a 20-minutes. The site benefits from desirable redevelopment potential. Prominent location close to key road interchanges including the A228, which leads to the M2 motorway (J2). Local occupiers include Royal Mail, Automotive Wheels Limited and Auguste Noel Limited.