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Preston , United Kingdom
9%
HIGH CASH-ON-CASH YIELD
18.2% IRR
HIGH RETURNS
£79.3 psf
ATTRACTIVE PRICE
AAA UK
LOCATION
Name
Kammac
Country
United Kingdom
Description
Kammac is one of the fastest growing 3rd party logistics players (3PL) in the UK. Formed in 1980, the company operates from 10 sites across the UK totaling 1.9 mn sf with clients including TESCO, WH Smith, LIDL among others.
Time Period
Lease Start Date
18 Feb 2022
Lock-in Period
10 YEARS
Lease End Date
17 Feb 2032
Tenant Highlights
85,757 SF
Total Area
£5.50
Rent Per SF Per Year
10 YEARS
Lease Period
3%
Escalation
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Preston is the administrative centre of Lancashire and the 3rd largest city in the North West of England after Manchester (33 miles) and Liverpool (35 miles). London is 2.5 hours by train.
The property consists of a high grade modern detached single storey warehouse of portal frame construction with profile metal cladding arranged over three bays. The floor area is 85,757 sf. along with 59 car parks.
There is an opportunity to purchase a Grade A warehouse totaling 85,757 sf in Walton Summit, Preston, England, tenanted to 3rd party logistics (3PL) provider Kammac for 10 years at an all-in price of Rs. 68,54,00,000 / £7,450,000 (Rs. 7,992 / £86.9 per sf) which sets-up to a £9.00% cash-on-cash yield and 18.2% IRR for eligible investors.
Kammac is one of the fastest growing 3rd party logistics players (3PL) in the UK. Formed in 1980, the company operates from 10 sites across the UK totaling 1.9 mn sf with clients including TESCO, WH Smith, LIDL among others.
Preston is the administrative centre of Lancashire and the 3rd largest city in the North West of England after Manchester (33 miles) and Liverpool (35 miles). London is 2.5 hours by train.
We believe this is a rare opportunity to acquire a highly prominent Grade A warehouse tenanted to Kammac with a 9+ year unexpired lease term.
Investment Note
Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property
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