Property overview

Please find below details of this prime trade counter investment opportunity we have been instructed to market.  The salient details are:

• Newly constructed trade counter unit
• GIA of 3,800 sq. ft. (353 sq. m.)
• Let to Toolstation Limited
• 10 year lease with a tenant break option in 2028 providing 9.47 years to expiry and 5.47 years to break
• Initial income of £45,600 per annum, which equates to a reversionary rent of £12.00 per sq. ft.
• Upward only open market rent review in year 5
• Freehold

We are instructed to seek offers in excess of £785,000 subject to contract and exclusive of VAT. The purchase price would equate to a Net Initial Yield of 5.51%, assuming standard purchaser’s costs of 5.51%.