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Units 12,13, 13A And 14, Crown Business Park, Old Dalby, Melton Mowbray, Leicestershire, LE14 3NQ

4,106.78 Sq M, (44,205 Sq Ft)

£2,600,000

Under offer

The property is to be sold subject to a new 10 year unbroken effective full repairing and insuring lease from the date of completion of a sale between the purchaser and Direct Trade Bag Company Limited (Company Registration Number 06728813). The lease will be subject to a Schedule of Condition to be prepared by our client at their cost and to be agreed with the purchaser prior to lease commencement. The lease will be subject to an upward-only rent review at the end of year 5 and where the rent payable for first 5 years of the term will be £214,600 per annum exclusive of VAT at the appropriate rate. The lease will be inside Sections 24-28 of the Landlord and Tenant Act 1954 Part II.

For the year ending 31 December 2018, Direct Trade Bag Company Limited had assets of £1,23…

The property is to be sold subject to a new 10 year unbroken effective full repairing and insuring lease from the date of completion of a sale between the purchaser and Direct Trade Bag Company Limited (Company Registration Number 06728813). The lease will be subject to a Schedule of Condition to be prepared by our client at their cost and to be agreed with the purchaser prior to lease commencement. The lease will be subject to an upward-only rent review at the end of year 5 and where the rent payable for first 5 years of the term will be £214,600 per annum exclusive of VAT at the appropriate rate. The lease will be inside Sections 24-28 of the Landlord and Tenant Act 1954 Part II.

For the year ending 31 December 2018, Direct Trade Bag Company Limited had assets of £1,239,000. Audited Accounts are available to interested potential purchasers through Brown & Co as Sole Selling Agents.

10 Year Sale and Leaseback Investment Opportunity

Mixed Workshop, Warehouse and Office Investment Property on established Business Park.

We believe constructed between the 1980's and 2014.

Total GIA approximately 24,789 sq ft (2,303 sq m).

Sale and Leaseback opportunity - new 10 year unbroken effective full repairing and insuring lease
subject to a Schedule of Condition from the date of completion to Direct Trade Bag Company Ltd
(Company Registration No. 06728813) at a rent of £142,600 p.a.x.

Net initial yield after normal acquisition costs - 8.28%.


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You are enquiring about: Units 12,13, 13A And 14, Crown Business Park, Old Dalby, Melton Mowbray, Leicestershire, LE14 3NQ £2,600,000

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