Opportunity to acquire a single let trade counter unit with secure open storage and loading yard.
The accommodation totals 43,173 sq ft (4,011 sq m) and benefits from 40 customer parking spaces;
Site area of 3.12 acres (1.27 ha) with a low site coverage of 33%;
Let to Jewson Ltd (guaranteed by Saint-Gobain Building Distribution Limited) for a term of 15 years from 3 July 2007 (expiring 2 July 2022), providing 2.75 years term certain;
A low current passing rent of £213,324 per annum, reflecting only £4.94 per sq ft.
Saint-Gobain Building Distribution Limited has a D&B rating of 5A2, representing a minimum risk of business failure;
Long Leasehold (808 years unexpired);
Offers are sought in excess of £2,855,000 (Two Million, Eight Hundred and Fifty Five Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 7.00% and a capital value of £66 per sq ft (assuming purchaser's costs of 6.43%).
