Silverline, James Carter Road

Industrial For Sale, Bury St. Edmunds

• Overview

  Freehold long let industrial manufacturing and warehouse facility with annual fixed uplifts

• Property specification

  • Purpose built property extending to 9,730.40 sq m (104,737 sq ft) constructed in 1998 with an extension added in 1999.
  • EPC rating of C 56.
  • Site area extending to 1.992ha (4.92 ac) equating to 46% site coverage.
  • Let to Silverline Office Equipment Limited for a term of 25 years from 18 July 2019 giving an unexpired term of 18 years, 6 months.
  • Passing rent of £352,244.84 per annum equating to a low £3.36 psf which will be topped up on completion to the next review on 18 July 2026. The topped up rent will be £362,812.14 per annum equating to £3.46 psf.
  • The rent is subject to annual fixed uplifts of 3%. The next uplift is due on 18 July 2026.
  • We are instructed to seek offers in excess of £4,600,000, subject to contract and exclusive of VAT. A purchase at this level reflects a Net initial yield of 7.40%, based on the topped up rent, and a reversionary yield in 2043 of 12.23% assuming standard purchaser’s costs of 6.57% and an extremely low capital value of £43.92 psf. The Equivalent Yield equates to 9.36%.
  • New key point...