Instructions

TRAVIS PERKINS, ALBERT STREET, OFF HANSON LANE, HALIFAX

SALE

Disposal of a trade counter investment.

  • Prime, town-centre, trade and out of town retail location.
  • Recently reclad warehouse with separate trade counter and plant hire unit.
  • 11,294 sq ft of rentalised GIA.
  • Gross site area of 1.26 acres and low 20.58% ‘footprint’ site coverage.
  • Freehold.
  • Tenant: Travis Perkins Trading Company Limited (Experian Score of 100 ‘Very Low Risk’).
  • Term: 15 years from June 2024, FRI, 5 yrly Rent Reviews to Market Rental (any increase capped at 21.67% ie 4% pa compound).
  • Initial rental of £93,000 pa (£7.00 psf Market Rental and £0.75 psf on surplus yard area).
  • Offers in excess of £1,400,000, STC and excl of VAT, showing a NIY of 6.26%.

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