Two retail warehouses, including a garden centre, and a trade counter unit, totalling 50,307 sq ft
Prominently located in a popular retail and trade location on the A50 (Victoria Road) in Stoke-on-Trent
Fully let to B&M Retail Ltd, Toolstation Ltd and ExpertEffect Ltd with an AWULT of 7.1 years
B&M has recently agreed a new 10 year lease at a low passing rent of £5.43 per sq ft
79% of the income is secured against the high quality covenants of B&M and Toolstation, who have a D&B rating of 5A2, indicating a low risk of business failure
Low total headline rent of £295,635 per annum (£5.88 per sq ft), which is in line with local industrial rents
ERV of £315,009 per annum (£6.26 per sq ft)
Opportunity to agree a lease renewal with ExpertEffect Ltd or target a new occupier
Toolstation has recently declined the opportunity to exercise their 2021 break option
