TRAVIS PERKINS RADWAY ROAD, SOLIHULL

SOLD

Disposal of a trade counter investment.

• Modern (2009) Travis Perkins, Benchmarx and Toolstation builders’ merchants, showroom & trade counter facility.
• Extensive service yard, customer parking and external racking.
• 24,900 sq ft of rentalised GIA – NB: mezzanines not rentalised.
• Site Area – 1.62 acres and a low 35.28% ‘footprint’ site coverage.
• Freehold.
• Overriding FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £289,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%.
• OIEO £4,930,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.5%.

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