Easy Bathrooms, Unit 1A, Tungsten Park, Wellington Road, Brackley, NN13 6RE
under offer
£945,000
Oct 2023
Please find enclosed details of a prime, modern trade counter investment opportunity we have been instructed to market. The salient details are:
- Newly constructed trade counter unit
- GIA of 5,000 sq. ft. (465 sq. m.)
- Let to Cubico (UK) Limited, trading as Easy Bathrooms
- 10-year lease with no breaks, expiring 24/07/2032
- Initial income of £60,000 per annum, which equates to a reversionary rent of £12.00 per sq. ft.
- Upward only open market rent review in year 5
- Freehold
Offers sought in excess of £945,000 subject to contract and exclusive of VAT. A purchase at this price would equate to a Net Initial Yield of 6.00%, assuming standard purchaser’s costs of 5.73%.
