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Walton Summit
Preston, United Kingdom

Enhanced yield of 1% for Pre-book investors

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7+

Walton Summit

Preston , United Kingdom

Pre Book

9%

HIGH CASH-ON-CASH YIELD

18.2% IRR

HIGH RETURNS

£79.3 psf

ATTRACTIVE PRICE

AAA UK

LOCATION

Bid/ ask

You can now place both Bids and Offers with Property Share.

Bids

A Bid is the price at which a given number of shares are available to buy.

Ask

An Offer is the price at which owned shares are available for sale.

Investment Returns

Investment Amount
£

Tenant Details

Name

Kammac

Country

United Kingdom

Description

Kammac is one of the fastest growing 3rd party logistics players (3PL) in the UK. Formed in 1980, the company operates from 10 sites across the UK totaling 1.9 mn sf with clients including TESCO, WH Smith, LIDL among others.

Time Period

Lease Start Date

18 Feb 2022

Lock-in Period

10 YEARS

Lease End Date

17 Feb 2032

Tenant Highlights

85,757 SF

Total Area

£5.50

Rent Per SF Per Year

10 YEARS

Lease Period

3%

Escalation

Property Pricing

£ 6,800,000

£ 326,400

£ 136,000

£ 57,800

£ 20,400

£ 27,800

Location Highlights

Preston is the administrative centre of Lancashire and the 3rd largest city in the North West of England after Manchester (33 miles) and Liverpool (35 miles). London is 2.5 hours by train.

Floor Plan

The property consists of a high grade modern detached single storey warehouse of portal frame construction with profile metal cladding arranged over three bays. The floor area is 85,757 sf. along with 59 car parks.

Walton Summit Preston floor plan

Investment Overview

There is an opportunity to purchase a Grade A warehouse totaling 85,757 sf in Walton Summit, Preston, England, tenanted to 3rd party logistics (3PL) provider Kammac for 10 years at an all-in price of Rs. 68,54,00,000 / £7,450,000 (Rs. 7,992 / £86.9 per sf) which sets-up to a £9.00% cash-on-cash yield and 18.2% IRR for eligible investors.

Kammac is one of the fastest growing 3rd party logistics players (3PL) in the UK. Formed in 1980, the company operates from 10 sites across the UK totaling 1.9 mn sf with clients including TESCO, WH Smith, LIDL among others.

Preston is the administrative centre of Lancashire and the 3rd largest city in the North West of England after Manchester (33 miles) and Liverpool (35 miles). London is 2.5 hours by train.

We believe this is a rare opportunity to acquire a highly prominent Grade A warehouse tenanted to Kammac with a 9+ year unexpired lease term.

Drone Video

Key Updates

13-Sep-2022

Heads of Terms Signed

21-Sep-2022

Listing Live

Reports

Investment Note

Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property