Dreams Distribution Warehouse, Britannia Park, Hallens Drive, Wednesbury, West Mi, Wednesbury, WS10 7DD

Opportunity to acquire a freehold well let distribution warehouse investment with RPI linked uplifts. Excellent strategic industrial and distribution location in the West Midlands, 3 miles west of the M5 and M6 motorway interchange.Numerous major occupiers in the vicinity including Amazon, E-ON, Warburtons and WH Smith.Prominent frontage on the A41 providing direct access to the M6 and M5 motorways.Freehold.A modern purpose built distribution warehouse comprising 137,837 sq ft GIA, situated on a 3.283 hectares (8.11 acres) site.Let on FRI terms with 13 years unexpired to Dreams Limited (tenant break option in 8 years).Dreams Ltd is the leading beds retailer in the UK, looking to expand their 170 stores to 200.Passing rent of 650,000 per annum (XXXsf) with RPI linked rent increases (collared/capped at 1.5%-4%) giving a minimum increase to 700,XXXa in 2018.Offers are sought in the region of 10,000,000 million, subject to contract and exclusive of VAT, reflecting a net initial yield of 6.14%, rising to a minimum 6.62% in 2018, giving an equivalent yield of 6.54%. A sale of the SPV may augment returns further.

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