Motivated seller, strong fundamentals, clear upside

Chorley

At a glance

Region:

North West

Purchase price:

£9,300,000

Net Initial Yield:

8.09%

Sector:

Distribution Warehouse, Industrial & Logistics

53.684929

-2.667842

Why we invested

Matrix Industrial Park sits at the junction of the M6 and M61, with direct access to Liverpool, Manchester and Preston. At acquisition, the building was single-let to an established retailer operating it as their sole UK distribution centre — a mission-critical facility with significant occupier investment already in place.

Long leasehold on a 999-year term with peppercorn head rent
Acquired off-market from a non-property vendor at a significant discount
Mission-critical facility at acquisition — purpose-built and heavily invested in by the occupier
Passing rent materially below ERV with clear reversion on lease expiry

How we’re building wealth

Capturing rental reversion at lease expiry, with market rents running significantly ahead of the passing rent
EPC improvement works to future-proof the asset and broaden its appeal to the widest possible occupier pool
Active asset management to support Bodycare's continued growth and lease renewal

Business plan

Exit

No items found.

Our portfolio

Fixed ideas hinder the search for value. At Boundary, we are active across all sectors and our strategies reflect this flexibility. Some are led by capital value - involving tax or corporate entity restructuring, refurbishment or development. Others focus on maximising income, with the emphasis on improving rental levels and lease duration through active asset management. We are focussed on releasing value through inventive strategies and impeccable execution. Our portfolio reflects the success of this approach:

Kingston

M25 Inner

Superbly situated, easily enhanced

Office, Studio, Lab space, Residential development

Leamington Spa

West Midlands

Strong yield, short supply

Office, Retail

Reading

South East

Off-market purchase, administration driven

Industrial, Development

Guildford

South East

Hidden value, clear direction

Office, Retail

Camberley

M25 Outer

Realigning rents, enhancing experience

Industrial

Plymouth