Prime retail warehouse investment located in the historic market town of Bedford, 60 miles north of London.
A strong retail warehouse location with a large and affluent catchment. Over 252,000 people live within 20 minutes’ drive of the property.
The town is to see significantly above average growth in population over the next 5 years.
A highly accessible purpose built retail warehouse unit totalling 26,036 sq ft.
Let to Wickes on a 10 year reversionary lease expiring on 23 June 2030.
Current passing rent of £347,000 per annum, equating to £13.33 per sq ft.
Adjacent to Waitrose and Tesco foodstores (both owner occupied) and a B&M Homestore.
Use Class E. Wide Bulky Goods planning consent.
Freehold site totalling 2.69 acres (1.09 hectares), cover of 22%.
We are instructed to seek offers in excess of £6,200,000 (Six Million, Two Hundred Thousand Pounds), subject to contract and exclusive of VAT. This reflects a net initial yield of 5.25% (assuming purchaser’s costs of 6.63%).