WICKES, SANDOWN ROAD, WISBECH
Prime retail warehouse investment.
- Newly constructed retail warehouse.
- Commenced trading February 2018, offering Wickes’ latest trading format.
- Prime trading location, immediately adjoining the Wisbech and Belgrave Retail Parks.
- Wickes Building Supplies Ltd – FRI lease for 20 years from 1st October 2018 (T.O.B. Yr 10)
- Total GIA of 26,015 sq ft (2,417 sq m).
- Low commencing rent of £258,000 pa.
- Equates to £11.80 psf, on rentalised area.
- 5 yearly upward only rent reviews to Market Rent (increase capped at 3% pa).
- Offers in excess of £4,210,000, exclusive of VAT.
- Net Initial Yield of 5.75 %, assuming 6.55% Purchaser’s Costs.