TRAVIS PERKINS, HOO FARM INDUSTRIAL ESTATE, WORCESTER ROAD, EDWIN AVENUE, KIDDERMINSTER

SOLD

Disposal of a trade counter investment.

• Travis Perkins builders’ merchants and sublet City Plumbing Supplies trade counter with showroom.
• Recently reconfigured and extensive service yard, customer parking and external racking.
• 25,772 sq ft of rentalised GIA – NB: sub-tenant’s fixture mezzanine not rentalised.
• Developed Site Area – 2.27 acres and a low 20% ‘footprint’ site coverage.
• Freehold
• Overriding FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £200,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%.
• OIEO £3,230,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.82%.

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