View Map
Click here to view these properties via the map.
View
John Lewis, Redd 42, Redditch
A distribution warehouse serving as the National Distribution Centre (NDC) for John Lewis Direct, located 4 miles south of Junctions 2 and 3 of the M42, let to John Lewis plc providing an unexpired term of 5.7 years. The price of £15,175,000 reflects a NIY of 9.36% to the Fund providing an excellent income return coupled with strong fundamentals of a modern, well located unit let to a very strong tenant with good prospects for a lease re-gear beyond the lease expiry in July 2017
| Date Purchased: |
|
14 December 2011 |
| Tenure: |
|
Freehold |
| Tenants: |
|
John Lewis Plc
|
| Total Current Rent: |
|
£1,437,900 per annum |
| Lease Expiries: |
|
2017
|
