Unit F Lionheart Industrial Estate, Shilbottle Roa, Alnwick, Alnwick, NE66 2HT

Opportunity to acquire a modern self-contained trade counter unit totaling 14,250 sq ft (GIA)strategically located just off the A1.Built to a good specification with a very low site cover of just 22%.Single let to MKM Building Supplies (Alnwick) Ltd, with a guarantee from MKM Building Supplies Ltd, for a term of 25 years expiring in December 2027 at passing rent of 96,500 p.a. equating to a building rate of 4.83 per sq ft.100% of the income secured for a further 11.4 years to a Very Low Risk covenant.Long leasehold. 999 years at Peppercorn rent.We are instructed to seek offers in excess of 1,455,000 (One Million Four Hundred and Fifty Five Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 6.25%, assuming purchasers costs of 6.00%.

Location