This property, situated in what is known as the “Golden Triangle” for logistics and distribution real estate in the United Kingdom.
The property is well located in Riverside Avenue, adjacent the Dundee airport, with direct access to the national
motorway network via the A90 and A92 and within 2 ½ miles from the city centre. It is significant that 90% of the Scottish population is within a 90-minute drive-time of Dundee. This modern 139,000 square foot property comprises a substantial warehouse of four separate units and a stand-alone adjacent office building. The property is let to Brake Bros Limited on a lease expiring in September 2036, offering more than 17 years of unexpired lease term. Brakes distributes food, drink and other products mainly to the catering industry in the UK through more than 20 distribution centres, delivering more than 500 000 boxes of food to 200 000 customer sites every day via a fleet of over 2000 vehicles. Established in 1958, the company was acquired by Sysco Corporation, a NYSE listed company and a global leader in foodservice distribution, in July 2016 for $3.1bn. Two of the four warehouse units have been sublet by Brakes to Amazon UK Services Limited, for 10 years. Amazon have undertaken substantial improvements and upgrades to their premises to meet their specific occupational requirements.
Dundee, Scotland
A single storey modern distribution warehouse with ancillary office accommodation
138,934 square foot
Brake Bros Limited, partial sub-tenant Amazon UK Services Limited
20th September 2036, with no tenant break
5.26%
Fully repairing and insuring (ie tenant responsible for all operating costs), with compounded RPI linked rent reviews, effective 5 yearly, collared and capped at 0% and 4% respectively
This property, situated in what is known as the “Golden Triangle” for logistics and distribution real estate in the United Kingdom.
This property, situated in Runcorn in the Liverpool area in the United Kingdom
This property, situated adjacent to the A11 in Snetterton being 6 miles north east of Thetford and 20 miles west of Norwich.
This property in Cardiff, situated in the capital city of Wales approximately 150 miles west of London.
The property is prominently located approximately 4 miles south west of the Lincoln city centre in the commercial area known as South West Quarter Business District
The property is prominently located and forms part of the Yarm Road Interchange.
The property is located on Lakeside Boulevard, Doncaster and is approximately 32 miles south east of Leeds.
The property is located at a very prominent position on the major route into Grimsby from the West.
The property known as Compass South is a modern office building located in Chatham Maritime.
The property is well located in Wombourne Enterprise Park.
This property, situated in one of Yorkshire’s largest business parks, Sheffield Business Park.
The property known as Richmond House is a modern regional office building in a well located and established office park in Gateshead.
The property is located in Deeside Office Park, one of the principal industrial locations in the North West.
The property is well located on Radar Road in the established Braunstone Frith Industrial Estate, Leicester.
The property is owned in freehold and is well located in Stenhousemuir, Glasgow, within the District of Falkirk in Scotland.
The property is a well located and modern office building known as Willow House, situated in Broadlands Business Park, Norwich, East Anglia
A strategic distribution location in the UK, Doncaster is a key district within Yorkshire, equidistant between Sheffield and Leeds.
The property is located in the established New York Industrial Estate approximately six miles north-east of Newcastle City Centre.
Marina Quay Retail Park, Rhyl, was acquired for £17.70m at an acquisition yield of 6.00%.
The Aldi and Home Bargains in Milngavie, Glasgow, was acquired for £11.70m on 17 December 2021 at an acquisition
yield of 4.86%.
North Durham Retail Park is a brand new, modern retail park constructed in 2022, comprising over 55,000 sqft of space.
Tesco, Tavistock, was acquired for £11.224m at an acquisition yield of 4.25%. Located just 13 miles north of Plymouth, Tavistock is considered to be a sought after and affluent commuter town/suburb of Plymouth.