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Network Rail National Distribution Centre, Prologis Park, Ryton, Coventry, CV8 3EA

302,038 Sq Ft / Industrial

Withdrawn - Last updated: 01 November 2022

Summary

Prime Distribution Sale and Leaseback Opportunity


Investment Summary


• 100% Prime high specification distribution warehouse totalling 302,038 sq ft

• Prologis Park, Ryton is situated in the heart of the 'Golden Triangle' in one of the most sought after distribution locations in the UK

• Developed by Prologis Developments Limited in 2013 and occupied by the undoubted covenant of Network Rail Infrastructure Limited

• The building operates as Network Rail's principal UK national distribution centre

• New 15 year full repairing and insuring lease incorporating 5 yearly open market rent reviews.  The lease will incorporate a tenant's break option in year 5

• Initial rent of £XXX per annum reflecting £XXX per sq ft

 


Proposal


We are instructed to seek offers in excess of £XXX (Thirty Million Four Hundred and Sixty Five Thousand Pounds) subject to contract and exclusive of VAT, for our client's freehold interest. A purchase at this level reflects an attractive net initial yield of 5.75% exclusive of usual purchaser's costs.


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