Instructions

UNIT 1 RAILSIDE RETAIL PARK, SHRIPNEY ROAD, BOGNOR REGIS

SOLD

Disposal of a retail warehouse investment.

  • Recently constructed prime south-east solus retail warehouse.
  • Let to Wickes Building Supplies Ltd, a secure 5A2 covenant.
  • FRI lease, expiring 9th Feb 2030 (8.66 years).
  • Strong trading location and offering latest trading format.
  • Total GIA of 25,786 sq ft (2,362 sq m).
  • Low passing rental of £290,250 pa (£13.34 psf on specified area).
  • Upward only rent review to Market Value (increase capped at 3% pa).
  • OIEO £4,000,000, STC and exclusive of VAT.
  • Net Initial Yield of 6.81%, after Purchaser’s Costs of 6.54%.

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