Tesco Distribution Unit, Flex Meadow, Pinnacles West, Harlow - Allsop
Tesco Distribution Unit, Flex Meadow, Pinnacles West, Harlow - Allsop
Tesco Distribution Unit, Flex Meadow, Pinnacles West, Harlow - Allsop
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Tesco</strong> <strong>Distribution</strong> <strong>Unit</strong>, <strong>Flex</strong> <strong>Meadow</strong>,<br />
<strong>Pinnacles</strong> <strong>West</strong>, <strong>Harlow</strong>, CM19 5TJ<br />
Investment Considerations<br />
■ <strong>Harlow</strong> is strategically located 4 miles<br />
from junction 7 of the M11 motorway<br />
which provides direct access to the M25,<br />
Central London, Stansted Airport and<br />
Cambridge.<br />
■ A well specified chilled distribution unit.<br />
■ Freehold.<br />
■ Let to <strong>Tesco</strong> Stores Limited with the lease<br />
guaranteed by <strong>Tesco</strong> plc, the UK’s largest<br />
food retailer.<br />
■ Unexpired term of approximately 12.6 years.<br />
■ The unit extends to 25,372.3 sq m<br />
(273,115 sq ft) on a site of 6.83 hectares<br />
(16.84 acres).<br />
■ Low site coverage of approximately 37%.<br />
■ Current rent of £1,817,000 per annum<br />
which reflects £71.61 per sq m (£6.65 psf).<br />
■ Rent reviews to Market Rent or rents of a<br />
3,251.6 sq m (35,000 sq ft) building on site.<br />
We are instructed to seek offers in the region of<br />
£24,500,000 which reflects a net initial yield of 7%<br />
net of purchasers costs at 5.8%
Change language