DPD Group UK, Warth Park, Raunds,

Raunds, NN9 6NY
Investment Summary

Modern East Midlands industrial Freehold investment opportunity totalling 42,528 sq ft with additional 19,886 sq ft overflow car park.

Site area of depot approximately 3.75 acres (1.51 hectares), reflecting a low site density of 26%.

Additional 0.75 acres (0.3 hectares) of secure fenced hard surfaced car parking on adjacent site.

Situated on the popular and established Warth Park, with surrounding occupiers including Howdens UK Ltd, AirWair International Ltd, DSV, Gem Distribution Limited and Asda.

Well specified ‘cross-dock’ unit developed in 2013 and benefiting from a minimum clear eaves height of 6m, 26 level access loading doors, 5 dock level loadings doors, 65 car, 10 HGV and 56 van parking spaces.

DPDGroup UK Ltd is rated ‘5A1’ by Dun & Bradstreet and is the UK’s fastest growing major parcel delivery company.

Let to DPDGroup UK Ltd on two co terminus new 20 year full repairing and insuring leases expiring 8th Sept 2033 providing an unexpired term of 16 years 10 months.

The passing rent is £424,548 per annum, made up of £364,890 for the Depot and £59,658 for the additional car park.

Parcel depot rent £364,890 pa (£8.58 per sqft) is calculated on a base rent of £221,145.60 pa £5.20 psf multiplied by 1.65 to account for the low site density

We are instructed to seek offers in excess of £7,960,000 (Seven Million Nine Hundred and Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.00% and a capital value of £127 per sq ft, assuming purchaser’s costs of 6.67%.

Property contacts

Jeremy Grundy

Partner

T +44 20 7747 0131M +44 7973 667 015