Deliveroo, 10 Foundry Business Park

• Highly Reversionary Single-let Industrial investment in Salford extending to 3,691 sq ft.
• Excellent strategic location just 1 mile from Manchester City Centre, MediaCityUK and Trafford Park.
• Long Leasehold for a term of 250 years (239 years unexpired).
• Let to the undoubted covenant of Deliveroo SP Limited, a wholly owned subsidiary of Deliveroo Plc.
• Passing rent of £40,575.50 reflecting a low rent of £11.00 psf.
• Current headlease rent payable of £1,000 pa (net rent therefore £39,575.50 pa).
• Let for a term of 10 years expiring 9th August 2028 (3.3 years unexpired).
• ERV of £15.50 psf, based on comparable evidence on the estate.
• Dedicated parking and delivery access to the rear of the unit via a large loading apron and parking area.

Offers are sought in excess of £600,000 (Six Hundred Thousand Pounds).

Assuming purchasers' costs of 5.05%, a purchase at this level reflects the following yield profile:

• 6.28% Net Initial Yield
• 8.92% Net Reversionary Yield
• Capital Value of £163 psf