Industrial & Logistics

Unit 4 Quintus at Branston Locks

A38 Burton-Upon-Trent, United Kingdom DE14 3EZ
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area

Property description

Unit 4 Quintus at Branston Locks is a prime distribution warehouse pre-let forward funding investment opportunity. The property has been pre-let to Werner UK Sales and Distribution Limited for a term of 15 years with a 10 year break option, to commence from Practical Completion of the building. 

 

Situated within the heart of the Midlands the site provides high quality employment uses directly accessible from Branston Locks Interchange on the A38. The park comprises 40 acres of developable commercial space with an anticipated 6 distribution / warehouse units and 4 HQ office buildings.

Investment highlights

  • Major distribution warehouse to be developed in Burton-Upon-Trent providing a total gross internal area of approximately 171,550 sq ft (15,937.5 sq m).
  • Located within Quintus at Branston Locks a new 40 acre business park.
  • Immediately adjacent to the A38 with unrivalled prominence offering excellent dual carriageway links to the national motorway network. 
  • Pre-let to Werner UK Sales and Distribution Limited with a parent company guarantee from Willa Midco S.A.R.L for 15 years with a break option at year 10. 
  • 5 yearly rent reviews in accordance with CPI compounded with 2-4% cap and collar. 
  • Freehold. 
  • An initial passing rent of £1,072,188 per annum reflecting £6.25 psf based upon the target floor area.

 

We are instructed to seek offers on a full forward funding of the development upon a price in excess of £21,150,000 (Twenty One Million, One Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.

 

A purchase at the level reflects an attractive net initial yield of 4.75% based upon purchasers costs of 6.8%. The net initial yield improves to 4.94% with the benefit of SDLT savings.

Last Updated Date: 25 Aug 2021
Allan Wilson
Allan Wilson
Director - Capital Markets
Ben Voss-Wood
Associate - Capital Markets

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Last Updated Date: 25 Aug 2021

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