Large modern store

The subject property comprises a large and modern store totalling 96,859 sq.ft Arranged over ground, first floor and second floor levels. The store has been fitted-out to an extremely high standard by the tenant. Let entirely to Marks & Spencer PLC on a 25-year lease from 25th December 2008, expiring 24th December 2033 (c. 9.5 years unexpired). Current rent of £929,144 p.a. which is reviewed annually at fixed increases of 2.5%. The final review in December 2032 will see the rent increase to £1,106,373. Current receivable income to lease expiry is £10,083,175.