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Tiber Way 29,585 SF Industrial Building Leicester LE19 1QP $4,567,649 ($154.39/SF) 6.61% Cap Rate
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 | $4,567,649 | Lot Size | 1.01 AC |
| Price Per SF | $154.39 | Rentable Building Area | 29,585 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.61% | Year Built | 2000 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | B |
| Price | $4,567,649 |
| Price Per SF | $154.39 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.01 AC |
| Rentable Building Area | 29,585 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Ratio | 0.88/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Fenced Lot
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Tiber Way
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