Well secured retail warehouse park, totalling 58,370 sq ft, located in a dominant market town.
12 years unexpired to Wickes, with further tenants including Farmfoods, Sue Ryder, Lituanica, The Norfolk Hospice and Domino’s Pizza.
Located adjacent to a Home Bargains store, consolidating the area as a retail destination.
Low rents ranging from £10.00-£13.50 per sq ft.
Open and restricted (food/non-food) planning consents.
Long WAULT of 10.5 years (9.1 years to break).
Significant primary catchment population of 230,000 people.
Potential development options available to enhance A3/A5 offer.
We are instructed to seek offers for the freehold interest in the subject property in excess of £8,600,000 (Eight Million, Six Hundred Thousand Pounds), which reflects a net initial yield of 7.25%, assuming purchaser’s costs of 6.68%, subject to contract and exclusive of VAT.