B&Q PLC, Wirral Park Road, Street Road, Glastonbury BA6 9XE

B&Q PLC, Wirral Park Road, Street Road, Glastonbury BA6 9XE

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  • Prime retail warehouse investment with development potential

  • 27,011 sq ft with additional external garden centre (7,018 sq ft)

  • Large site of 2.48 acres

  • Let to B&Q PLC (D&B 5A1) - Tenant in occupation since 1991

  • 10 years FRI lease from 25th March 2016, expiring 24th March 2026 (6.8 years unexpired)

  • Current rent of £337,700 per annum (£12.50 psf)

  • 5-year rent review, upward only to OMRV – Reviewed to Open A1

  • Development potential on the car park for a Starbuck’s Coffee Pod

  • HOTs agreed and planning granted

  • Quoting offers in excess of £4,300,000 (STC)

  • 7.37% Net Initial Yield

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