Offers are sought in excess of £1.75M exclusive of VAT for our client’s Heritable Interest, which reflects a Net Initial Yield of 10.23% after purchaser’s costs. The property is let on FRI terms to Rubicon Oilfield International UK Limited from 4 October 2022 until 3 October 2032. The tenant has a break option on the fifth anniversary of the lease on providing six months notice. The lease makes provision for five yearly upward only open market rent reviews, the next being on 4 September 2027. The passing rent is £190,000 per annum.