Prime retail warehouse investment with development potential
27,011 sq ft with additional external garden centre (7,018 sq ft)
Large site of 2.48 acres
Let to B&Q PLC (D&B 5A1) - Tenant in occupation since 1991
10 years FRI lease from 25th March 2016, expiring 24th March 2026 (6.8 years unexpired)
Current rent of £337,700 per annum (£12.50 psf)
5-year rent review, upward only to OMRV – Reviewed to Open A1
Development potential on the car park for a Starbuck's Coffee Pod
HOTs agreed and planning granted
Quoting offers in excess of £4,300,000 (STC)
7.37% Net Initial Yield
