B&M, 21 LEICESTER STREET, NORTHWICH, CHESHIRE CW5 9NH

Northwich, CW9 5LG

Sold

Price £7,000,000

Rent (pa) £350,385

Yield 4.69%

Investment Summary

Prime long dated secure department store investment
Prominent position within an affluent Cheshire market town
A total of 35,985 sq ft sq ft over 2 floors
Let to Marks & Spencer Plc (Privity from J Sainsburys Plc)
Both covenants provide D&B 5A1 covenants with a net worth of £3.15bn and £7.41bn respectively
99 years with effect from 2 November 1983, expiring 1 November 2082 (63.5 years unexpired)
£350,385 per annum (£10.50 psf)
5 yearly reviews to the Open Market Rental Value
Quoting offers in excess of £7,000,0000 (STC)
Net Initial Yield of 4.69% (21.32 YP)

Town Northwich

Postcode CW9 5LG

Contact our team for more information or speak directly with Mark Powell.