Instructions

WICKES, SANDOWN ROAD, WISBECH

SALE

Details:

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.

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