Investment---Magna-Park_sold

Status: Sold

Terms: Virtual Freehold

Price: £15,000,000

Yield: 6.27%

Toyota, Magna Park, Lutterworth LE17 4XP

  • Prime distribution warehouse located within the heart of the ‘Golden Triangle’
  • Situated within Magna Park, Lutterworth, the UK’s premier logistics hub and home to many of the UK’s most recognisable occupiers
  • Modern distribution facility totalling 194,678 sq ft (18,002 sq m)
  • Both companies are wholly owned subsidiaries of Toyota Motor Europe, which in tum is ultimately owned by Toyota Motor Corporation, the world’s largest car manufacturer by production volume
  • Current income of £995,530.20 per annum, equating to £5.11 psf (£55.02 psm)
  • Next review December 2015 with scope for uplift in base rent & regear opportunities
  • The site area is approximately 14 acres of which 10.8 acres are demised to the tenant, and the remaining 3.2 acres is expansion land, the land is directly adjacent to the only remaining development plot at Magna Park which Gazeley are offering design & build developments at £5.95 psf
  • Virtual freehold with 974 years unexpired at a peppercorn rent

Distribution Investment - Magna Park, Lutterworth

Magna Park, Lutterworth LE17 4XP, UK
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