GeoPost – Snetterton

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GeoPost - Snetterton

This property, situated adjacent the A11 which connects London and Norwich, has a long lease with GeoPost UK Limited which expires in May 2033. Trading as DPD, this international parcel delivery company owned by GeoPost Limited (and ultimately by the French Post Office) has more than 800 depots in more than 40 countries. DPD is Europe's leading business to business parcel delivery service. This new distribution shed of 37 242 sq ft has 26 level access doors and five dock levellers and delivers more than 12 000 parcels a day across East Anglia.

Location Snetterton
Use Single storey distribution warehouse, two floors of ancillary offices
Size 37 242 sq ft (3 464 m2)
Site area 3.4 acres (1.37 hectares)
Tenant GeoPost UK Limited
Tenant rating 5A1 - Dun and Bradstreet
Lease expiry 9 May 2033
Acquisition yield 6.5%
Type of lease Fully repairing and insuring, upwards only rent reviews