-Opportunity to acquire a single let warehouse investment located on Stone Business Park, an established and well-connected Midlands Industrial location.
-Excellent connectivity situated at the junction of the A34 and A51, 4 miles from the M6 (J14)
-Comprising two modern detached industrial buildings totalling 82,205 sq ft
-Let to Lucideon Group Ltd on a 20 year lease until 30th September 2041, subject to a tenant only break option in October 2031 and 2036.
-Lucideon Group Ltd has a D&B rating of 2A3 and a turnover of £23m reported in December 2024. Lucideon Group PLC has made significant investment in their fit out and equipment
-Unexpired term of 15.08 years and 5.08 years until break
-Subject to upwards only rent reviews to the greater of OMV or uncapped RPI in October 2026, 2031 & 2036
-Rent passing of £500,000 pa. The estimated rent from the rent review on 1st October is £681,685 based on uncapped RPI, which equates to a low rent of £8.29 psf. The vendor will top the rent up to the rent resulting from the rent review.
-Freehold.