Commercial property
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The Balvraid Portfolio - Focused in East Anglia

Investment for sale
£20,200,000 / NIY 7.28%
Summary
  • Portfolio focused in East Anglia - the UK's highest growth region outside London and the south east between 2010 and 2015 (ONS)
  • An attractive spread of secure income and future asset management opportunities
  • Modern buildings requiring minimal capital expenditure
  • 7 properties across industrial, office and retail sectors
  • Freehold
  • The portfolio includes 32 units totalling 137,658 sq ft, let to 30 tenants
  • Average weighted unexpired lease term to expiries of 5.76 years and 3.21 years to lease breaks
  • 53% of the income is secured against D&B 2A / 3A / 5A / Building Society / Local Government covenants
  • Current occupancy rate of 95%
  • Total income of £1,569,167 per annum
  • Total ERV of £1,723,000 per annum
  • Offers in excess of £20,200,000 subject to contract and exclusive of VAT.  This reflects an attractive net initial yield of 7.28% and potential reversionary yield of 8.00% (based on our opinion of ERV), after allowance for purchaser's costs of 6.75%
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