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Well Secured Retail Warehouse Investment Opportuni, The Range, Chalon Way East, Saint Helens, WA10 1BX
1 to 61,789 Sq Ft / Retail / General Retail
Withdrawn - Last updated: 19 April 2021
• Income secured against 5A2 covenant of CDS (Superstore International) Limited, trading as ‘The Range.'
• Lease extension recently agreed providing 15 years unbroken income with expiry 31st December 2035
• Let off a low and affordable rent of £8.43 per sq ft (£521,126 pa) rising to £9.31 sq ft (£575,365 pa) in 2022 with 5 yearly upward only rent reviews thereafter
• Vendor will look to ‘top-up’ the fixed uplift in 2022 giving a purchaser a guaranteed income of £575,365 pa until the next rent review in 2027
• Longer term redevelopment potential for the whole together with shorter term infill opportunities
• We are instructed to seek offers of £8,300,000 (Eight Million, Three Hundred Thousand Pounds) which reflects an attractive net initial yield of 6.5% net of costs at 6.67%, subject to contract and exclusive of VAT.
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