The Prospect Portfolio

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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