Food & Retail Warehouse Investment Opportunity

The property is very well situated 1 mile south west of the town centre opposite one of the most successful Sainsbury’s stores in the UK. Comprises two units reconfigured and newly fitted out in 2020 with a total GIA of 39,040 sq ft, let to strong national tenants in Lidl and Homebase at recently agreed rents. 58% of the income benefits from index linked uplifts. Very attractive WAULT of 15.09 years. Long Leasehold with 131 years unexpired at at a rent of £1 per annum with rights to use the car parking. The unit benefits from a food planning consent across the entire property. 192 parking spaces providing a ratio of 1:199 sq ft. Notable tenant demand from both food and non-food retailers. Strong trading performance. Current passing rent of £878,710 per annum, reflecting an average rent of £22.50 per sq ft overall.