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Long Lease Prominent High Street Retail Investment, Wilkinsons, 111 The Rock, Bury, BL9 0ND
36,910 Sq Ft / Retail
Withdrawn - Last updated: 17 December 2021
- Prominent high street location adjacent to The Rock Shopping Centre, Bury.
- Over 14.5 years unexpired term to 5A1 covenant.
- Secured to Wilkinson Hardware Stores Limited on a 25 year FRI lease from June 2004, with fixed uplift.
- Passing rent of £345,625 pa (£9.36 psf), rising to £391,045 pa in June 19 and £442,430 pa in June 2024.
- This reflects an attractive net initial yield of 6.28%, rising to 7.11% in 2019 and 8.04% in 2029. This assumes usual acquisition costs of 5.80%.
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