Investment Summary

HTI Group, Eastham House, Copse Road, Fleetwood, Lancashire, FY7 7NY

  • High yielding freehold industrial investment
  • 309,615 sq ft (28,764 sq m) on a large site of 11.68 acres
  • 5 metre eaves with separate yards and car parking
  • Let to HTI Toys Limited under an FRI lease for a 5 year term from the date of sale with a guarantee from JR Hutt Holdings Limited
  • Initial rent of £771,420 per annum (£2.50 psf)
  • Annually received rent reviews to RPI with collar and cap at 1% and 4% respectively
  • Co-terminus sub-lease to a third party on 139,500 sq ft (45% of the property)
  • Sub-tenant is a D&B 5A1 covenant
  • HTI Toys UK Limited have a £63 million turnover for year ending 31 December 2017 and have been in occupation over 25 years
  • Excellent re-development potential including demolition of part, refurbishment of exisitng or splitting to provide a multi-let industrial estate
  • Fleetwood has strong industrial demand with a lack of development of new units
  • Quoting offers in excess of £6,000,000 (Six Million Pounds)
  • 11.95% Net Initial Yield
  • 13.45% Reversionary Yield in 2022, assuming 3% RPI growth per annum
  • Low capital value of just £19.44 psf
  • £513k per acre land value
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