Silverline, James Cater Road, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7DF

Price £5,100.00 / 6.48%

Tenure Freehold

Size 104,737 sq ft

Brochure

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, 11 months
- Passing rent of £352,244.84 per annum equating to a very low £3.36 psf, 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 £5,100,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.48% and a reversionary yield in 2043 of 11.03% assuming standard purchaser's costs of 6.59% and an extremely low capital value of £48.69 psf
- The Equivalent Yield equates to 8.50%
- £5,100.00 / 6.48%

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Thomas Handy

Surveyor, Capital Markets

07442 779975
thomas.handy@bidwells.co.uk

Location

Train Stations:

Kennett

8.52km
Kennett

8.54km
Shippea Hill

10.33km
Lakenheath

10.69km

Property Advisors

Thomas Handy

Surveyor, Capital Markets

Tom is an experienced surveyor specialising in the acquisition and disposal of investment properties across the UK. His focus lies within the Oxford to Cambridge Growth Corridor and other key regional markets, where he supports clients in identifying, analysing, and delivering strategic investment opportunities.