- Build-to-suit distribution warehouse investment totalling 538,280 sq ft (50,008 sq m)
- The unit will operate as a strategic DHL Supply Chain campus for the East Midlands region
- Strategic East Midlands location in Manton Wood,which is within 2 minutes of the A1 and 15 minutes of J31 M1
- To be let to DHL Supply Chain Ltd on a new 20 year lease following completion of the building scheduled for September 2020
- The lease will be subject to 5 yearly rent reviews annually compounded at 2% per annum
- Proposed initial rent of £3,033,773 per annum, reflecting £5.64 per sq ft
- We are instructed to seek offers in excess of £61,839,000 (Sixty One Million Eight Hundred and Thirty Nine Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 4.75% and a capital value of £115 per sq ft assuming purchaser’s costs of 3.28%.
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