Restore Plc, J29A M1, Markham Vale, Chesterfield S44 5HS
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£11,320,000
Oct 2024
NorthCap have successfully acquired a single let distribution unit located at Markham Vale on behalf of Wesleyan.
The property comprises a modern industrial building of 102,515 sq ft, which is let to Restore Plc until 2049 with a break in 2039. The initial rent is £712,479.25 pa with the lease being subject to 5 yearly upwardly only reviews to OMV.
The purchase price is £11,320,000 which reflects an initial yield of 5.90%.
The vendor, The Devonshire Estate, was represented by Henry King & Robbie Offer at CBRE.
