McKay Annual Results 12 months to 31st March 2016 - page 17

MKS / MAY 2016 /
17
PORTFOLIO REVIEW
ACQUISITION: BRUNEL ROAD, THEALE
Purchased in April 2015
£10.7m (6.6% yield)
Let to January 2020 at £0.75m pa
(£7.75 psf)
Well located 96,850 sq ft warehouse unit,
with large secure yard
Asset management
Tenant break in January 2018 with 12
month rent penalty (9 months notice)
Potential lease renegotiation with tenant
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...,7,8,9,10,11,12,13,14,15,16 18,19,20,21,22,23,24,25,26,27,...38
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