GRETNA - SOLD
Glasgow Road / DG16 5JN
 |
Quality warehouse investment extending to 24,941 sq ft. | |||
|
Over 11 years unexpired to Fedex UK Ltd. (subject to break option 2015). |
Net initial yield | 8.22% | |
|
Very low passing rent of £60,000 pa (£2.41 psf). | Reversionary yield | 9.59% | |
|
ERV £70,000 pa (£2.81 psf). | Equivalent yield | 8.95% | |
|
Only £27.67 psf capital value. | True equivalent yield | 9.45% | |
|
Empty rates exempt. | |||
|
Medium term development potential. | |||
 |
Download Gretna PDF Brochure | |||