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Huws Gray Builders Merchants, BRAINTREE CM7 3HS

Type
Industrial/Warehouse, Investment
Size
20,894 sq ft (1,941 sq m)
Tenure
Freehold
Price
Offers Over £1,880,000

20,217 sq ft (1,878 sq m) on 1.78 acres. Leased to Huws Gray with approximately 40yrs unexpired, no breaks. Low passing rent of £110,000 per annum with RPI reviews, capped and collared. Minimal risk with pricing underpinned by site value with vacant possession. Very strong covenant. Low site coverage (26%) with long term re-development potential on prominent site subject to a 10yr overage provision. Offers in excess of £1.88m (£1.88m equates to NIY of 5.51%).

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