BOND STREET, HOWSELL ROAD, MALVERN

SOLD

Disposal of a trade counter investment.

• Travis Perkins builders’ merchants, TP Managed Services and Benchmarx showroom facilities.
• Extensive service yard, customer parking and external racking.
• 24,027 sq ft of rentalised GIA – NB: first floor not rentalised.
• Site Area – 1.74 acres and a low 31.70% ‘footprint’ site coverage.
• Freehold.
• Overriding FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £141,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%.
• OIEO £2,306,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.75%.

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