Instructions

KEYLINE BUILDERS MERCHANTS – COUNTY PARK, SHRIVENHAM ROAD, SWINDON

SOLD

Details:

Disposal of a trade counter investment.

  • Trade counter unit (1990’s) of 29,765 sq ft GIA, with extensive yard and low site coverage: 24%
  • Tenant – Travis Perkins (Properties) Ltd – D&B 5A1
  • Occupier – Keyline Builders Merchants Ltd (Travis Perkins plc subsidiary) – D&B 5A1
  • FRI lease for 12.4 years, expiring 30th November 2031 (subject to a Schedule of Condition)
  • Virtual Freehold – 200 year leasehold from 2006 at a peppercorn rental with an Option to purchase Freehold for £1
  • Low commencing rent of £4.54 psf (payable monthly) for the trade unit; (assuming 45% site coverage, £1.50 psf for additional yard and mezzanines at 50%)
  • Minimum fixed increases at rent review in Dec 2022 & Dec 2027 to the higher of two thirds of Market Rent or 3% pa (15.93%)
  • Current estimated Market Rent: £195,000 pa (£6 psf GIA plus £1.50 psf for additional yard)
  • Offers in excess of £2,615,000, exclusive of VAT (£88 psf Capital Value, incl. mezzanines)

DOWNLOAD DETAILS«

Keyline Builders Merchants Ltd, County Park, Shrivenham Road, Swindon, SN1 2NS