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Tiber Way 29,585 sq ft Industrial Property Leicester LE19 1QP £3,425,000 (£115.77/sq ft) 6.61% Net Initial Yield
Investment Highlights
- Prominently positioned fronting Meridian East
- 20 miles from East Midlands airport
- Fast and easy access to junction 21 of the M1
Executive Summary
The site area extends to approximately 1.36 acres / 0.55 hectares, providing a site cover in the order of 42%. The unit is let entirely to UAV Tactical Systems Limited (Company number 5241592) on a full repairing and insuring lease to October 2034 and has a rent review on 10th October 2029 with a tenant only break on 10th October 2030. Passing rent of £226,500 per annum.
Property Facts
| Price | £3,425,000 | Total Plot Size | 1.01 ac |
| Price per sq ft | £115.77 | Net Internal Area (NIA) | 29,585 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 6.61% | Year Built | 2000 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 0.88/1,000 sq ft |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Costar Property Class | B |
| Price | £3,425,000 |
| Price per sq ft | £115.77 |
| Sale Type | Investment |
| Yield | 6.61% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 1.01 ac |
| Net Internal Area (NIA) | 29,585 sq ft |
| No. Floors | 2 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Allocation | 0.88/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Fenced Lot
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