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Uk Capacity Reserve Limited Bristol Road, Gloucester, Gl2 5Ya

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Uk Capacity Reserve Limited Bristol Road, Gloucester, Gl2 5Ya UK CAPACITY RESERVE LIMITED BRISTOL ROAD, GLOUCESTER, GL2 5YA Property Investment Secure RPI income Energy Power Plant INVESTMENT SUMMARY Opportunity to acquire a well let electricity supply plant with RPI uplifts Freehold site extending to approximately 1.5 acres Let to UK Capacity Reserve Limited on an FRI lease from 12th May 2015 and expiring on 11th May 2040 with a tenant’s break clause on 31st December 2033 providing 13 years term certain. Topped up rent of £105,000 pa with upward only RPI uplifts every 5 years. Good covenant strength Offers in excess of £1,450,000 (One Million Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT which reflects a net initial yield of 6.83% after allowing for purchasers’ costs of 6.08% LOCATION The Cathedral City of Gloucester is the administrative centre of the county and lies approximately 104 miles west of London, 55 miles south of Birmingham, 34 miles north of Bristol and 8 miles south west of Cheltenham. Gloucester has good road communications from the A40/A38 with direct access to the M5 at Junction 11, 11a and 12. The M5 provides a continuous motorway link to the M4, M50, M6 and M42. The city has excellent rail services, with the minimum journey time to London Paddington 1 hour 45 minutes. SITUATION The property is positioned off the Bristol Road to the south of Gloucester Town Centre in an established commercial area including car dealerships, trade counter units, self storage, retail warehousing and petrol filling stations PROPERTY COVENANT STRENGTH Freehold site extending to approximately 1.5 acres and let UK Capacity Reserve Limited is a leading provider of flexible to UK Capacity Reserve Limited and utilized as an power capacity to the UK electricity market. The company was electricity storage power generation site providing support acquired for £216million in 2018 by Sembcorp a large to the UK electricity network. The site is surfaced and Singapore based energy provider with assets of over $9billion secured via palisade fencing. and employing 7000 people worldwide. The company has a contracted portfolio of over 1GW in the UK TENANCY and operate from 40+ sites. Let to UK Capacity Reserve Limited on an FRI lease from 12th May 2015 and expiring on 11th May 2040 with a UK Capacity Reserve has an Experian rating of 60 below tenant’s break clause on 31st December 2033 providing 13 average risk and for year ending March 2018 had a turnover of years term certain. The lease is held outside the security of £50.8million, pre-tax profit of £13.2million and net worth of tenure provisions of the Landlord and Tenant Act 1954. £5.8million. Current rent is £93,084pa. Rent is reviewed every 5 years to the RPI index with the next review due on 12th May 2020. The vendor will top the rent up to £105,000 pa which reflects the current RPI increase. EPC Details of EPC rating on request VAT We have been advised that the property is elected for VAT and therefore VAT will be chargeable on the purchase price however we anticipate the sale to be structured as a TOGC. (Transfer of a Going Concern) Proposal We are instructed to seek offers in excess of £1,450,000 (One Million Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT which reflects a net initial yield of 6.83% after allowing for purchasers’ costs of 6.08%. Further Information Please note this opportunity is available on a strictly private and confidential basis. For further information or to arrange an inspection please contact: Mark Johnson Ross Cuthbert DD: 011 2141977 DD:0121 2141975 M: 07748 105812 M:07891 863364 E:[email protected] E:[email protected] Important 1. No description or information given by MK2 Real Estate Ltd whether or not in these Particulars and whether written or verbal (“information”) about the property or its condition or its value may be relied upon as a statement or representation of fact. MK2 Real Estate Ltd do not have any authority to make any representations and accordingly any information given is entirely without responsibility on the part of the agent or the seller. 2.These particulars do not constitute, nor constitute part of, an offer or contract, nor shall they merge in any offer or contract which may hereafter be made between the sellers or lessors and the recipient of the information. 3.The photographs show only certain parts of the property at the time they were taken. Any areas measurements or distances given are approximate only. 4. Any reference to alterations to or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending buyer. 5.Any buyer must satisfy themselves by inspection or otherwise as to the correctness of any information given. January 2020.
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