Unique Strategic Road Network Infrastructure and Logistics Investment Opportunity
Carlisle Truckstop
Parkhouse Road, Kingstown Industrial Estate, Carlisle CA3 0JR
Investment Summary
- Well established truckstop and depot facility on a prime site of approximately 10 acres
- Carlisle (population 110,000) is the primary commercial hub for the Cumberland region
- Located in close proximity to Junction 44 of the M6
- Prime position on the ever-popular Kingstown Industrial Estate, with nearby occupiers including Starbucks, McDonalds, Asda, Premier Inn, MKM, DPD and DHL
- Asset held long leasehold until 31 March 2073, providing just under 49 years’ unexpired term
- Wholly sub-let to Eddie Stobart Limited until March 2037 (Endole credit score 89/100 – Secure)
- Passing net rental income of £319,835 per annum, with the sub-lease rent subject to annual uncapped RPI uplifts with a collar of 3%
- We are seeking offers in excess of £3,000,000 (Three Million Pounds)
- A purchase at this level reflects a Net Initial Yield of 10.04% (assuming purchaser’s costs of 6.45%).