New Build, Builders Merchants & Trade-Counter Investment

New build trade counter let to MKM Building Supplies, the UK’s leading independent builders merchant. Prominently situated on Park Road, a key arterial route into Barrow town centre and the surrounding areas. 15,000 sq ft ground floor internal area, plus a 5,700 sq ft mezzanine area. Surrounding occupies include Kimberley Clark, Wolseley Plumb & Parts, J Atkinson Building Merchants, HBP and Enterprise. 1.80 acres freehold site. A new FRI lease for 25 years (13 years term certain) from 14th June 2023 to MKM Building Supplies Limited. Break options in year 2038 (13 years term certain) and 2043 (18 years term certain). The initial rent passing £180,000 per annum (£12.00 psf excluding the mezzanine and additional yard). The lease is subject to 5 yearly rent reviews based upon RPI increases capped and collared 1.5% to 3.5% per annum. The lease is guaranteed by MKM Building Supplies (Group) Limited. MKM are an exceptional covenant with an Experian score of 100/100 (Very Low Risk). EPC - A.