Investment Summary

Go Outdoors Ltd, Bank Top Road, Blackburn, BB2 1TQ

  • Well located single let retail warehouse investment extending to approximately 35,000 sq ft
  • 3.28 acre site with low site cover of 25%
  • New 20 year lease from January 2010 to Go Outdoors Ltd
  • 12.5 years unexpired lease term
  • Two further 2.5% pa compound fixed rental increases in years 10 and 15
  • Excellent covenant with a 3A1 Dun & Bradstreet rating. Parent company with a 5A1 rating
  • Low passing rent of sub £10psf
  • Planning consent for non-food retail, DIY and garden products
  • Seeling offers in excess of £4,130,000, reflecting a NIY of 7.50%
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