Instructions
WICKES, LANGSTON ROAD, LOUGHTON IG10 3TQ
SOLD
Prime retail warehouse investment.
- Comprehensively refurbished, south east solus retail warehouse.
- Excellent location within M25 and offering Wickes’ latest trading format.
- Close to recently opened Epping Forest Shopping Park.
- New letting to Wickes Building Supplies Ltd, a secure 5A1 covenant.
- 20 year FRI lease from 21st May 2018 (T.O.B. at Year 15).
- Total GIA of 27,065 sq ft (2,514 sq m).
- Low commencing rent of £335,000 pa (£14.02 psf on rentalised area).
- 5 yearly upward only rent reviews to Market Rent (capped at 3% pa).
- Offers in excess of £5,960,000, exclusive of VAT.
- Net Initial Yield of 5.25%, net of 6.62% Purchaser’s Costs.