Great Glen Crematorium, 9 London Road, Great Glen, Leicester LE8 9DJ

Great Glen Crematorium, 9 London Road, Great Glen, Leicester LE8 9DJ

0.00
  • Secure long dated income with annual RPI indexation

  • Base rental growth secured against inflation, with potential for further strong rental income growth from turnover rent element

  • Limited new entries into the historically restricted market has led to increased profits across the sector

  • Purpose built and newly developed facility sitting on a large site of c. 31 acres

  • Let to Crematoria Management Limited for a term of 99 years commencing 13th March 2017, expiring 12th March 2116 (c. 96.5 years remaining) and guaranteed by Westerleigh Group Holding Limited

  • Westerleigh Group are a leading provider of cremations and funerals and provide a strong covenant

  • Total passing rent of £126,475 (including fixed increase of £15,000 in March 2020 to be topped up by vendor)

  • Freehold

  • Offers in excess of £2,650,000 (STC)

  • Representing a net initial yield of 4.50%

  • Estimated reversionary yield in 2023 of 5.27%

Download Brochure

Add To Cart