Rare opportunity to acquire a single let metal recycling facility with long unexpired term and guaranteed fixed rental increases.
Located in the affluent and growing cathedral city of Peterborough.
Let to Sims Group UK Limited part of the largest metal recycling organization in the world.
Over 12.5 years unexpired.
Topped up rent of £256,016 with fixed rental uplifts to 2.5% pa compounded every 5 years.
Offers in excess of £3,020,000 (Three Million and Twenty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 8.01% and a reversionary yield in 2023 of 9.06% assuming purchasers costs of 5.8%.