Instructions

WICKES, BETTS WAY, CRAWLEY

SOLD

Details:

Prime retail warehouse investment.

  • Newly constructed, south east solus retail warehouse.
  • New letting to Wickes Building Supplies Ltd, a secure 5A1 covenant.
  • Wickes to take a 20 year FRI lease.
  • Prime trading location and offering Wickes’ latest trading format.
  • Total GIA of 27,400 sq ft (2,545 sq m).
  • Low commencing rent of £500,000 pa (£22 psf on rentalised area).
  • 5 yearly upward only rent reviews to Market Rent (capped at 3% pa).
  • Offers in excess of £9,370,000, exclusive of VAT.
  • Net Initial Yield of 5.00%, after Purchaser’s Costs of 6.75%.

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