Well located warehouse in Peterborough with roadside frontage to the busy A15 

• Freehold

• Secure, standalone unit on a site area of circa 2.98 acres

• The property extends to 56,500 sq ft within a highly prominent site showing a site cover of 43.5%

• Single let to Hippo Motor Group until May 2034 with an upwards only rent review on 25th June 2029

• Producing a low passing rent of £407,921 per annum equating to £7.22 psf

• Strong reversionary potential with latest rents achieved in the mid-box market in Peterborough now at the £9.50 psf level

• Unexpired term of circa 9 years and 4 years to the break

• Investment value secured against vacant possession value

 The Vendor is seeking offers in excess of £6,000,000 (Six Million Pounds), subject to contract and exclusive of VAT for the benefit of the freehold interest in the property. After allowing for purchaser’s costs of 6.63%, a purchase at this level would reflect:

• Net initial yield of 6.38%

• Reversionary yield of 7.06%

• Capital Value of £106 per sq ft