Street Retail Park, Street
Street Retail Park, Street, Somerset, BA16 0HW, UK
10 785 000 $ | 3 402 mètres carrés
Description du portefeuille
B&Q
The property comprises a purpose built detached retail warehouse unit constructed in 1991. The building is of steel portal frame construction with an eaves height of approximately 6.5m. Internally the property is fitted out to the corporate trading style with large sales area, trade and bulky goods area and a two-storey ancillary block providing customer WC’s, stores and staff facilities and meeting rooms.
The property includes an outdoor garden centre which is accessible through the main warehouse.
Costa Coffee
Constructed in 2022, the property comprises a purpose built, single storey coffee pod. The building is of a steel portal frame construction under a single pitched roof.
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Attributs
Superficie du bâtiment brute
2 509 mètres carrés
Occupation
100 %
WAULT
10.16 années
Prix demandé
10 605 000 $
B&Q and Costa Coffee (2 Propriétés)
B&Q and Costa Coffee (2 Propriétés)
Média
Points forts de l'investissement
- A prime retail warehouse and Costa Coffee drive-thru investment
- The warehouse extends to 27,011 sq ft (7,018 sq m) GIA with an additional external garden centre
- The newly built drive-thru extends to 1,800 sq ft (167.22 sq m) GIA
- Large site area of 2.46 acres
- Freehold
- A combined WAULT of 10.16 years to expiry and 9.29 years to break
- Let to B&Q Plc (D&B 5A1) since 1991 & Costa Limited (D&B 5A1) since 2022
- Current combined passing rent of £409,700 per annum overall
- We are instructed to seek offers in excess of £5,900,000 (Five Million, Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 6.51% (assuming purchaser’s costs of 6.62%).
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Dernière mise à jour
9 déc. 2024
