Apex @ i54 reached practical completion in the summer of 2021. The property comprises a modern high specification industrial manufacturing facility, with excellent ESG credentials. The asset extends to 67,884 sq ft (6,306 sq m) on a site of 3.4 acre. (1.40 hectares) equating to a low site coverage of 43%. Apex @ i54 comprises a modern industrial investment let for an unbroken term of over 12 years with guaranteed short term rental growth. The property is let on FRI terms for a period of 15 years from 6 May 2022 and expiring 5 May 2037. Low passing rent of £475,188 per annum, reflecting only £7.00 per sq ft, compared to quoting rents of circa £10 per sq ft within the immediate vicinity.5 yearly upward only rent reviews linked to CPI(+1) and subject to a collar and cap of 2.00% and 4.00% compounded annually over the total 5 year review period. This potentially allows for growth above 4.00% per annum to be carried forward against years that may fall below. The tenant has completed an extensive f it out and heavily invested in new plant and machinery at a cost of £3.5 million. Savills is instructed to seek offers in excess of £8,650,000 (Eight Million Six Hundred and Fifty Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects Net Initial Yield of 5.15%, a potential running yield of 6.27% in May 2027, and a low capital value of £127 per sq ft, allowing for standard purchaser’s costs of 6.68%.