TRAVIS PERKINS, UNIT 2B, ARKWRIGHT ROAD, HADLEIGH ROAD IND EST, IPSWICH

SOLD

Disposal of a trade counter investment.

• Comprehensively refurbished and extended (2020) Travis Perkins builders’ merchants, trade counter and Benchmarx showroom facility
• Extensive service yard, customer parking and external racking.
• 17,005 sq ft of rentalised GIA – NB: mezzanine not rentalised
• Site Area – 1.83 acres and a low 21.17% ‘footprint’ site coverage.
• Freehold.
• Overriding FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £186,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%.
• OIEO £3,000,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.82%.

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