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Well secured retail warehouse investment

England, United KingdomUnlock address

74%

£4.390.000

Retail

#35050

Core+

9 Oct 2024

Property Details

Broker

For sale

50,883 sq.ft.

4,727 m²

GIA

86.28 £/sq.ft.

928 £/m²

7.00 %

3

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Well secured retail warehouse investment located in Castleford, West Yorkshire. Secured to the undoubted covenant of B&M Retail Limited. Three unit scheme comprising B&M, Morrisons, and British Heart Foundation (Morrisons and BHF sold off on LLH). Situated in a prominent position to the southwest of the town centre adjacent to an Aldi foodstore and the central bus station. B&M recently regeared on a new 10 year lease from June 2024, expiring in June 2034. Current passing rent of £327,500 pa equating to a low £10.57 per sq ft. Strong trading profile.