Polaris Portfolio

Investment Opportunity

Robin Bullas

The portfolio sale, which is to be structured via the sale of the share capital in an Isle of Man company, comprises:Nine properties, of which eight are industrial, with one office;

  • 1.87m sq ft, with a low vacancy of 8% and falling;
  • £4.8m pa marketing rent, averaging a very low £2.57 psf;
  • Strong rental growth potential, with a headline market rental value of c. £5.5m, £2.94 psf;
  • Committed tenant base, and a minimum average lease term certain of over 4.5 years

We are quoting £53m for the share capital in the company.  At this price, the capital value psf is only £28, a long way below replacement cost.

Assuming corporate acquisition costs of 1.8%, the NIY is 8.90% and the RY is 10.18%.

For further information, please contact any of the team at CPP or Gerald Eve – details on the brochure.

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