Investment Summary

B&M Bargains, Stenson Road, Normanton, Derby DE23 1JD

  • Well-let retail investment
  • 19,204 sq ft former Somerfield Supermarket
  • Large site of 0.60 acres (49% site cover)
  • Sits on a prominent location within a busy and vibrant local retail area
  • Entire property let to B&M Retail Limited (Undoubted D&B 5A1 covenant)
  • 10-year FRI lease from 21st June 2018, expiring 20th June 2028 (10 years unexpired)
  • Low initial rent of £100,000 per annum (£5.21 psf)
  • Fixed uplift to £115,000 per annum (£5.99 psf) at expiry of 5th year
  • Offers in excess of £1,570,000 (STC)
  • Attractive Net Initial Yield of 6.00%, Reversionary Yield of 6.90%
  • Low capital value of just £86 psf
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