£5.180.000
Confirmation
Modern purpose built DIY unit
Property Details
Broker
For sale
27,858 sq.ft.
2,588 m²Leasable area
185 £/sq.ft.
2,001 £/m²7.00 %
1
Freehold
Fees
Investment Overview
Prominently situated fronting the main arterial route through the town. Excellent catchment population of >770,000 within a 20 minute drive time. A modern purpose built DIY unit totalling 27,858 sq ft with external builders yard. The property forms part of Pinners Brow RP, where a proposed new Lidl foodstore is to be delivered Secure income stream with the property let to the excellent covenant of Wicks Building Supplies Limited. Wickes have been in occupation for 24 years and have recently agreed a new 10 year reversionary lease. Low passing rent of £386,505 pa, reflecting £13.87 psf. Sustainability focused lease drafting agreed in reversionary lease.
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