Investment Summary

The Prospect Portfolio

  • The Prospect Portfolio represents an excellent opportunity to acquire 4 freehold business space investments in strong occupational markets in the North West and Yorkshire.
  • 152,526 sq ft of which 18% is currently vacant
  • 32 tenancies across the 4 assets
  • Well specified accommodation which has been comprehensively refurbished by the vendor
  • Passing rent of £1,670,443 per annum
  • ERV of £1,805,019 per annum once fully let
  • AWULT to expiry of 5.9 years (3.1 years to break)
  • We are instructed to seek offers for the Portfolio in excess of £15,700,000 (STC),which reflects the following yield profile:-
  • 9.97% NIY
  • 10.77% Rev Yield
  • Low capital value of just £103 psf
  • Consideration will be given to disposal of the assets in isolation
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