Elland Road, Braunstone, Leicester, LE3
£3,750,000 34203847

Description

• Freehold
• FRI Lease for 40 years Expiring 2047 with Single Tenant Break April 2032
• Rent - £250,000 Per Annum Exclusive (£6.17 Per Sq Ft Overall)
• Upward only Rent Review April 2012 and Every Five Years Thereafter
• Purpose Built Warehouse & Distribution Centre - Approx 41,547 Sq Ft
• Site Area Approx 1.95 Acres
• Held in an SPV

Aurum House is a substantial freehold head office and distribution centre of over 41,500 sq ft, strategically located within Braunstone Industrial Area, just minutes from the M1 (J21/21a) and M69 interchange. The property comprises a purpose-built warehouse with integrated three-storey offices, secure yard space and 96 car parking spaces, all on a 1.95-acre site. Let in its entirety to Watches of Switzerland Company Ltd on a 40-year FRI lease expiring in 2047 (tenant break in 2032), the investment produces a passing rent of £250,000 per annum with five-yearly upward-only rent reviews. This represents a rare opportunity to acquire a well-secured, long-income asset in a prime Midlands logistics and commercial location.