Property overview

Royal Mail, Swan Valley Distribution Park, Northampton, NN4 9DR

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£26,400,000
Dec 2019

Royal London Asset Management, represented by Franck-Steier Price, has recently completed the off market acquisition of a high specification distribution and mail sortation facility at Swan Valley Distribution Park, Northampton.

The property comprises a 2010 built cross dock distribution facility extending to 202,552 sq.ft on a site of 18.39 acres.

The property is let to Royal Mail Group Ltd for a term of 20 years expiring on 14 April 2030.  The lease is held on full repairing and insuring terms subject to 5 yearly upward only reviews to open market value.  The current rent is £1,309,048 per annum and the next review is due on 15 April 2020.

The property was acquired for £26,400,000 which reflects a net initial yield of 4.64%.

The vendor, Aviva Investors, was represented by BSB.