23 April 2013
Custodian Capital see hike in rental values
Commercial property delivers enhanced income returns for Custodian Capital’s investors.
Custodian Capital, a subsidiary of Mattioli Woods plc, manages a nationwide property portfolio of in excess of 80 commercial properties with an aggregate value of approximately £135 million. The geographically diversified portfolio has many high-profile tenants including Tesco, Bentley, Superdrug, Royal Mail, Regus, RBS and Currys.
In recent rent reviews across the portfolio Custodian Capital has secured improved income returns of between 13% and 20% in a number of locations:
In Redhill, Honda Motor Europe Ltd’s car dealership saw the annual rent increase by nearly 20%, from £117,000 to £140,000.
In Aberdeen, Custodian Capital has secured a £25,000 per annum increase from DHL Express, equivalent to a 15% increase of their passing rent.
In Oldbury, Synter has agreed a £24,310 (13%) rise the annual rent of their BMW body shop, from £185,000 to £209,310.
In Bedford, Custodian Capital has agreed a consumer price index (CPI) linked increase with Emerson taking their rent from £162,000 to £190,086, a rise of over £28,000 (17%).
Custodian Capital is currently raising funds for a property opportunity in Dudley, which is based on the town’s prestigious Castlegate Business Park. Leased by Premier Inn Hotels Ltd, the property is a 47 acre business and leisure development adjacent to the town.
Further information is available on the latest opportunities property web page.
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