McKay Results for the Six Month Period to 30th September 2015 - page 18

18
MKS / NOV 2015
PORTFOLIO REVIEW
Acquisition: Brunel Road, Theale
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Purchased in April 2015
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£10.7m (6.6% yield)
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Let to January 2020 at
£0.75m pa (£7.75 psf)
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Well located 96,850 sq ft
warehouse unit, with large
secure yard
Asset management
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Tenant break in January 2018 with
12 month rent penalty (9 months
notice)
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Potential lease renegotiation with
tenant
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Refurbishment / redevelopment to
secure higher rental values at lease
break / expiry
Arlington Business Park
First Great Western
main line
M4
Junction
12
London &
M25
Bristol &
South Wales
Kuehne & Nagel
Brunel Road
M4
Junction 12
1...,8,9,10,11,12,13,14,15,16,17 19,20,21,22,23,24,25,26,27,28,...33
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