UK Capacity Reserve, Bristol Road, Gloucester

GL2 5YA
Under Offer
UK Capacity Reserve, Bristol Road, Gloucester
GL2 5YA
  • Opportunity to acquire a well let electricity supply plant with RPI uplifts
  • Freehold site extending to approximately 1.5 acres
  • Let to UK Capacity Reserve Limited on an FRI lease from 12th May 2015 and expiring on 11th May 2040 with a tenant’s break clause on 31st December 2033 providing 13 years term certain.
  • Topped up rent of £105,000 pa with upward only RPI uplifts every 5 years.
  • Good covenant strength

Offers in excess of £1,450,000 (One Million Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT which reflects a net initial yield of 6.83% after allowing for purchasers’ costs of 6.08%

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