Retail

B&Q, Hull Road, York YO10 3LE

 

Price: £16,050,000 - Initial Yield:8.66%

Date: Q3 2020

Acting on behalf of M&G Real Estate we advised on the sale of this solus retail warehouse investment to Hermes for £16.05m, reflecting a net initial yield of 8.66%

The property comprises a large purpose built retail warehouse with garden centre and builders yard, built in 2000 and extending to 102,360 sq ft (9,509.56 sq m) GIA. There is substantial car parking for 531 vehicles.

The property is let entirely to B&Q PLC for 25 years from 7th February 2000 and subsequently expiring on 6th February 2025. The passing rent is £1,484,220 p.a.

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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