Silverline, James Cater Road, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7DF

Property specification

• Purpose built property extending to 9,730.40 sq m (104,737 sq ft) constructed in 1998 with an extension added in 1999
• EPC rating of C 56
• Site area extending to 1.992ha (4.92 ac) equating to 46% site coverage
• Let to Silverline Office Equipment Limited for a term of 25 years from 18 July 2019 giving an unexpired term of 18 years, 11 months
• Passing rent of £352,244.84 per annum equating to a very low £3.36 psf, subject to annual fixed uplifts of 3%. The next uplift is due on 18 July 2026
• We are instructed to seek offers in excess of £5,100,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.48% and a reversionary yield in 2043 of 11.03% assuming standard purchaser's costs of 6.59% and an extremely low capital value of £48.69 psf
• The Equivalent Yield equates to 8.50%
• £5,100.00 / 6.48%