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Unit 4 Quintus at Branston Locks is a prime distribution warehouse pre-let forward funding investment opportunity. The property has been pre-let to Werner UK Sales and Distribution Limited for a term of 15 years with a 10 year break option, to commence from Practical Completion of the building.
Situated within the heart of the Midlands the site provides high quality employment uses directly accessible from Branston Locks Interchange on the A38. The park comprises 40 acres of developable commercial space with an anticipated 6 distribution / warehouse units and 4 HQ office buildings.
- Major distribution warehouse to be developed in Burton-Upon-Trent providing a total gross internal area of approximately 171,550 sq ft (15,937.5 sq m).
- Located within Quintus at Branston Locks a new 40 acre business park.
- Immediately adjacent to the A38 with unrivalled prominence offering excellent dual carriageway links to the national motorway network.
- Pre-let to Werner UK Sales and Distribution Limited with a parent company guarantee from Willa Midco S.A.R.L for 15 years with a break option at year 10.
- 5 yearly rent reviews in accordance with CPI compounded with 2-4% cap and collar.
- An initial passing rent of £1,072,188 per annum reflecting £6.25 psf based upon the target floor area.
We are instructed to seek offers on a full forward funding of the development upon a price in excess of £21,150,000 (Twenty One Million, One Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at the level reflects an attractive net initial yield of 4.75% based upon purchasers costs of 6.8%. The net initial yield improves to 4.94% with the benefit of SDLT savings.