Refresco Drinks UK Limited, Bondgate, Pontefract
143,606 sq ft
Description
UNDER OFFER
• Single let industrial investment, 18 miles east of Leeds, located within Pontefract’s established industrial district.
• Excellent connectivity situated in close proximity to the Holmfield Interchange, the intersection of the A1(M) and M62.
• An operationally critical, manufacturing/distribution warehouse totalling 143,606 sq ft.
• Let to Refresco Drinks UK Limited and guaranteed by Refresco Europe B.V on a 24-year lease from 7 June 2017, providing an attractive
unexpired lease term of c.15.1 years.
• Refresco Drinks UK Limited has a Creditsafe rating of 96/100 representing ‘Very Low Risk’.
• The tenant has invested significant capital into the building and machinery, demonstrating long‑term commitment to the site.
• EPC Ratings of B48 and B50.
• The lease benefits from fixed increases every 5 years (equivalent to 2.5% per annum), with the next fixed increase in June 2027. The rent will
then increase to £589,607 per annum, reflecting a low £4.11 per sq ft. The vendor will top-up the rent to the next review.
• Total site area of 7.69 acres, with a site coverage of 40%.
• The site provides a potential long term re-development opportunity.
• Freehold.
We are instructed to seek offers in excess of £6,900,000 (Six Million, Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT.
This reflects the following yield profile:
Day One 8.00%
June 2032 9.06%
June 2037 10.26%
The purchase price reflects a very low capital value of £48.05 per sq ft, materially below replacement cost after purchaser’s costs of 6.65%.
• Single let industrial investment, 18 miles east of Leeds, located within Pontefract’s established industrial district.
• Excellent connectivity situated in close proximity to the Holmfield Interchange, the intersection of the A1(M) and M62.
• An operationally critical, manufacturing/distribution warehouse totalling 143,606 sq ft.
• Let to Refresco Drinks UK Limited and guaranteed by Refresco Europe B.V on a 24-year lease from 7 June 2017, providing an attractive
unexpired lease term of c.15.1 years.
• Refresco Drinks UK Limited has a Creditsafe rating of 96/100 representing ‘Very Low Risk’.
• The tenant has invested significant capital into the building and machinery, demonstrating long‑term commitment to the site.
• EPC Ratings of B48 and B50.
• The lease benefits from fixed increases every 5 years (equivalent to 2.5% per annum), with the next fixed increase in June 2027. The rent will
then increase to £589,607 per annum, reflecting a low £4.11 per sq ft. The vendor will top-up the rent to the next review.
• Total site area of 7.69 acres, with a site coverage of 40%.
• The site provides a potential long term re-development opportunity.
• Freehold.
We are instructed to seek offers in excess of £6,900,000 (Six Million, Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT.
This reflects the following yield profile:
Day One 8.00%
June 2032 9.06%
June 2037 10.26%
The purchase price reflects a very low capital value of £48.05 per sq ft, materially below replacement cost after purchaser’s costs of 6.65%.
BUILDING HIGHLIGHTS
Single let industrial investment
Totalling 143,606 sq ft
Let to Refresco Drinks UK Limited
Total site area of 7.69 acres
