Instructions

TRAVIS PERKINS, STATION ROAD, EUSTON ROAD, MORECAMBE

SALE

Disposal of a trade counter investment.

  • Prime, town-centre location.
  • Trade counter & builders merchant unit with an extensive secure yard with external storage and racking.
  • Gross site area of 3.55 acres and net hardstanding of 3.06 acres, giving a low 11.62% ‘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 £141,000 pa (£6.00 psf Market Rental and £0.75 psf on surplus yard area).
  • Offers in excess of £2,120,000, STC and excl of VAT, showing a NIY of 6.26%.

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