Raphael Capital LLP Sells Unit F, Meridian Business Park, Leicester

Raphael Capital LLP is pleased to confirm the sale of Unit F, Tiber Way, Meridian Business Park, Leicester LE19 1QP, a modern industrial warehouse let in its entirety to UAV Tactical Systems Limited (UTACS).

The unit occupies a site of approximately 1.36 acres (0.55 hectares), with a site cover of around 42%, providing a good ratio of yard and parking space relative to the building. Total accommodation extends to 29,585 sq ft (2,748.45 sq m) across a ground floor warehouse of 25,102 sq ft, ground floor ancillary space of 1,354 sq ft, and first floor offices of 3,129 sq ft.

The property is let to UTACS on a full repairing and insuring lease to October 2034, subject to a rent review in October 2029 and a tenant-only break option in October 2030, at a passing rent of £226,500 per annum.

Unit F occupies a prominent position fronting Meridian East, giving fast access to Meridian South and Junction 21 of the M1. Meridian East also connects north to Meridian Way and the A563 at Meridian Leisure Park, with East Midlands Airport around 20 miles away, placing the asset firmly within one of the Midlands' key logistics and industrial corridors.

Raphael Capital LLP, commented:

"We're pleased to complete this transaction as we continue to focus on our value-add strategy. This marks our fifth transaction of the year, and we have further deals to announce in the coming weeks"

About Raphael Capital LLP

Raphael Capital is a privately owned property investment partnership based in the UK. Over the past 25 years, the group has consistently demonstrated a proven track record, through market cycles, across multiple sectors, throughout London and leading regional cities, and we pride ourselves on our discreet and straightforward approach. Our current properties, track record and current requirements can be viewed on our website.