Property overview

Unit E2 Tyler Close, Normanton Industrial Estate WF6 1RL

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• Perfect private investor opportunity
• Premier industrial location in the north of England
• Sought after unit size at 23,923 sq ft (2,222.45 sq m) GIA
• 10 year lease from Feb 2024 (Break option in year 5)
• Review at year 5 to the higher of OMR or RPI (collar and cap @ 2&4%)
• Low passing rent of £191,384 pa reflecting only £8.00 psf
• ERV of £209,326 pa reflecting £8.75 psf
• Seeking offers in excess of £2,767,000 reflecting:
  –  Initial yield of 6.50% (after purchaser’s costs at 6.42%)
  –  Reversionary yield of 7.11% at our projected ERV
  –  Attractive capital value of £115.65 psf