- Rare opportunity to purchase a new build long let trade park investment.
- Banchory Trade Park is a brand new development of trade counter units prominently located in the principal business area.
- 100% of leases were agreed prior to completion of construction, so we consider the current rental levels to be reversionary.
- Anchored by long leases to Howdens (13.90 years term certain) and Kwik Fit (9.28 years term certain)
- Howdens and Kwik Fit account for 59% of the income.
- Very strong ESG credentials with EPC’s rated A 01-03.
- WAULT to expiry of 12.26 years and 8.81 years to breaks.
- Total passing rent of £231,600 per annum.
We are seeking offers in excess of £3,100,000 which would provide a net initial yield of 7.02%.