Season › 2011-12 › News

Finch Farm up for grabs

Offers sought in excess of £15.356M

Hudson Capital Properties, the current owners of Finch Farm, are looking to sell the prime site, where Everton have a 50-year lease after selling the property to ROM Capital in 2005 for construction of their training complex by a specialist developer AFL, completed in 2007. Everton have the option to purchase the site back on every 5-year anniversary of the original lease. The next opportunity comes in July 2012; the pricetag: £16,511,838.

The Investment Summary reads:

An extremely rare opportunity to acquire the training facility of a well known and successful Premier League football club.

The 55-acre complex provides world-class training facilities including a medical centre, gymnasium, offices, dining rooms and a media centre with over 10 full-size football pitches.

The investment provides over 30 years' secure income with 2.5% per annum fixed uplifts, compounded and payable 5-yearly .

Total income of £1,259,153 per annum [ie, rent paid by Everton FC]

Security of income provided by television rights from the Premier League, the world's most successful and lucrative football league.

Offers are sought in excess of £15,356,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.75%, allowing for usual purchasers costs of 5.80%.

The Vendor proposes to top up the rent to the level of the 26/07/2012 uplift which is £1,259,153.

Due to the fixed rental increases the opportunity presents the following reversionary yield profile:

26/07/2017: 8.77%
26/07/2022: 9.92%
26/07/2027: 11.23%
26/07/2032: 12.70%
26/07/2037: 14.37%
26/07/2042: 16.26%

More subsequent links:

Quotes or other material sourced from Scribd

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