Marks & Spencer, 21 Leicester Street, Northwich, Cheshire CW9 5LA

Marks & Spencer, 21 Leicester Street, Northwich, Cheshire CW9 5LA

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  • Prime long dated secure department store investment

  • Prominent position within an affluent Cheshire market town

  • A total of 35,985 sq ft over 2 floors

  • Let to Marks & Spencer PLC

  • D&B 5A1, Moodys BBB - Market capitalisation of £3.15bn

  • Privity to J Sainburys PLC

  • D&B 5A1, Moodys ABB, Market Capitalisation £4.6bn

  • Both tenant and Privity are FTSE 100 constituents

  • 99 years with effect from 2 November 1983, expiring 1 November 2082 (63.5 years unexpired)

  • £330,000 per annum (£9.17 psf)

  • 5 yearly reviews to the Open Market Rental Value

  • Minimum contracted rental income of £20,955,000

  • Offers in excess of £6,500,000 (STC)

  • Net Initial Yield of 4.76% (21.01YP)

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