Description
Prime Industrial Investment – Leicester
Unit -
At a Glance
- Premium industrial location in Meridian Way, Leicester
- Excellent connections (proximity to the M1 and East Midlands Airport, one the busiest freight airports in the UK)
- Let to October 2034
- Review at 10 October 2029
- Tenant break at 10 October 2030
- 6.1% Net Initial Yield
Accommodation
Ground Floor Warehouse: 25,102 sq ft/2,331.98 sq m
Ground Floor Ancillary: 1,354 sq ft/125.79 sq m
First Floor: 3,129 sq ft/290.68 sq m
Total Gross Internal Floor Area: 29,585 sq ft/2,748.45 sq m
Tenure
Freehold
Guide Price
£3,495,000
Rateable Value
£165,000
Rent & Tenant
Current rent of £226,500 per annum. There is an open market rent review in October 2029.
The property is let on a full repairing and insuring lease for a term of 10 years from 10th October 2024 (expires 9th October 2034).
The Tenant is UAV Tactical Systems Limited. The Tenant has invested heavily in the site to make it an outstanding unit.
Location
Tiber Way, Meridian Business Park, Leicester LE19 1QP. The Unit is prominently positioned fronting Meridian East, offering fast and easy access to Meridian South, which leads to the junction 21 of the M1. Meridian East also leads north to Meridian Way, connecting with the A563 at the junction with Meridian Leisure Park. The East Midlands airport is 20 miles away.
Property Features
- Unit
