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DIY Retail Warehouse Investment

Lowestoft, Royaume-UniDéverrouiller l'adresse

87%

£5.230.000

Industrielle

#34481

Core+

22 May 2024

Détails du bien

Courtier

À vendre

29,869 sq.ft.

2 775 m²

Surface locative

175 £/sq.ft.

1 884 £/m²

8.00 %

1

Pleine propriété

X

Frais

0.00 %

0.50 %

0.00 %

0.50 %

Aperçu de l'investissement

Located in Lowestoft’s dominant retail warehousing destination, adjacent to the Morrisons-anchored North Quay Retail Park. Purpose-built DIY retail warehouse totalling 29,869 sq ft GIA together with an external builders yard. Situated adjacent to the new Gull Wing Bridge development, a major infrastructure project which will boost trade and increase immediate accessibility from south Lowestoft. Fully-let to the excellent covenant of Wickes Building Supplies Ltd for a further 6.3 years to lease expiry. Total passing rent of £446,240 per annum. Strong historical store trading performance. 120 car parking spaces providing an excellent ratio of 1:245 sq ft. Wide Bulky Goods (now Class E) planning consent with no restrictions on sub-division or unit sizes. Freehold site of approximately 3.11 acres.