Located at the highly successful PIN54 scheme in core West Midlands location. New build logistics warehouse extending to 201,265 sq ft reaching PC in March 2025. High quality institutional specification with market leading ESG features – EPC A+ (-46) and target BREEAM Very Good. Long term lease commitment, being entirely let to P.J.H. Group Ltd for 15 years from 28th March 2025 without break on FRI terms. Highly reversionary rent of £1,655,940 per annum, reflecting a low rental rate of £8.23 psf with pre-let agreed almost 2 years ago. Attractive rent review provisions, being 5 yearly upwards only to the higher of Open Market Value or CPIH plus 1% (2% - 4% cap and collar per annum). Estimated open market rental value of £9.50 per sq ft.
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