The Omaha Portfolio comprises 9 well located, high yielding retail warehouse assets totalling 473,303 sq ft, with 8 in England and 1 in Scotland.
All assets are dominant within their respective retail shopping catchments.
The portfolio is 97% occupied by tenants including Matalan, B&M, TK Maxx, Wickes, B&Q, Hobbycraft, The Range, Dunelm, Currys PC World, Pets at Home, Halfords and Pure Gym.
The portfolio’s net rental income is currently £5,449,676 per annum, equating to an average low base rent of £11.51 per sq ft.
84% of the portfolio’s income is attributed to retailers with ‘Minimum’ or ‘Lower than Average’ risk of business failure.
Weighted average unexpired lease term (WAULT) to expiry of 6.7 years and to earliest terminations of 5.9 years, providing an attractive income profile (assuming the
B&M lease is re-geared at Boston).
All assets are owned freehold / heritable title.
There are a number of active asset management initiatives.
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