TRAVIS PERKINS, LINK 59 BUINESS PARK, PIMLICO LINK ROAD, CLITHEROE

SOLD

Disposal of a trade counter investment.

• Modern (2004) Travis Perkins builders’ merchants and trade counter development.
• Extensive service yard, customer parking and external racking.
• 10,854 sq ft of rentalised GIA – NB: mezzanines not rentalised.
• Developed Site Area – 1.01 acres and a low 24.90% ‘footprint’ site coverage.
• Virtual Freehold.
• FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £99,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%.
• OIEO £1,620,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.75%.

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