Holland House, Langage Science Park, Holland Road, Plymouth, PL7

• The property provides a modern freehold warehouse/industrial and provides a GIA of 65,349 sq ft on a site area of 3.22 acres.

• The entire property is let to Greenwave Packaging UK Limited for a term of 15 years from 17 April 2020 (expiring 16 April 2035), subject to a tenant break option in April 2025.

• The current rent is £261,250 per annum which equates to a low rent of £4.00 per sq ft.

• Purchased on behalf of a UK institution.

• Price  - £4.02m, providing a net initial yield of 6.1% NIY & a Capital value of £76 per sq ft.

Contact

Please contact us for further information regarding any of the acquisitions on our site.

Jamie Baruch
020 3903 7310
jamiebaruch@tydusre.com