HAMBRIDGE ROAD, NEWBURY RG14 5EA

Instructions

Prime retail warehouse investment.

Newly constructed, retail warehouse and trade counter development.
Unit 1: Wickes Building Supplies Ltd – FRI lease for 20 years from 25th May 2018 (T.O.B. Year 10)
Unit 2: JP McDougall & Co (t/a DULUX Decorator Centre) – FRI lease for 10 years from 9th May 2018 (T.O.B Year 5).
Unit 3: Benchmarx (Travis Perkins plc subsidiary) – FRI lease for 10 years from 25th May 2018.
Prime trading location and offering Wickes’ latest trading format.
Total GIA of 37,869 sq ft (3,518 sq m).
Low aggregate commencing rent of £329,500 pa.
Equates to £11.58 psf for Wickes and £7.61 psf for the Trade Counter accommodation (on rentalised areas).
WAULT of 17.7 years (9.32 years after T.O.B.’s).
5 yearly upward only rent reviews to Market Rent (Wickes increase capped at 3% pa).
Offers in excess of £5,620,000, exclusive of VAT.
Net Initial Yield of 5.50 %, assuming 6.61% Purchaser’s Costs.