Property overview

Toolstation, Unit 2A, Tungsten Park, Wellington Road, Brackley, NN13 6RE

under offer

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Jan 2023

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%.