Under Offer
ENSCO Portfolio – Single-Let Industrial & Office Portfolio Secured to PTSG for 9.5 Years
Offers in excess of £6,250,000
- Property Types:
- Portfolio, Commercial
- Net Initial Yield:
- 7.50%
Description
- Diverse single-let portfolio, secured to the undoubted covenant of Premier Technical Services Group (PTSG)
- The portfolio comprises seven properties, including industrial and office uses, and 11 lettable units, totalling 73,005 sq ft
- Total passing rent of £500,000 per annum, equating to a low average rental rate of £6.85 psf
- Unexpired term of 9.5 years, without lease break options
- 5 Freeholds and 2 Leaseholds
- All assets are due for rent review prior to November 2023, with numerous cases of reversionary potential
- The diverse nature of the portfolio offers a solid base of well secured income with numerous asset management opportunities to increase rental and capital value