McKay purchases logistics property from Bracknell

McKay buys logistics property in Bracknell – McKay Securities bought 1-4 Willoughby Road, a logistics asset fully leased to Bracknell, for £ 10million, which represents a net initial return 5.6%. The property was purchased off-market from a UK institutional supplier.

The 2.7 acre freehold estate consists of two modern, self-contained units totaling 54,157 square feet with large secure yards. Following a recent refurbishment, one unit is leased to Acal BFI UK Limited and the other to Accident Exchange. The combined contract rent of £ 594,722 per annum offers potential for future growth based on recent rentals in the city and the leases offer potential vacant possession for redevelopment in 2024.

Willoughby Road is a strategic logistics location in the heart of the Thames Valley and is part of the established main industrial area of ​​Bracknell. There has been a significant new development in logistics and self-storage in the immediate vicinity, attracting new occupants such as Midwich Ltd, Bond International and Big Yellow Group. These join a host of leading international companies such as Waitrose (headquarters and regional distribution center), Daler Rowney and Fujitsu with strong connections to the national motorway network and Heathrow Airport, 20 miles away. northeast of the property.

McKay is headquartered in Reading, down the street. He has in-depth knowledge of the office and industrial markets along the M4 corridor.

MCKS: McKay acquires logistics ownership of Bracknell

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