Retail

B&Q, Weston Road, Crewe CW1 6BA

 

Price: £20,950,000 - Initial Yield:7.00%

Date: Q2 2019

Acting on behalf of Nuveen Real Estate we advised on the sale of this retail warehouse to Cheshire East Council for £20.95m, reflecting a net initial yield of 7.00%.

The property comprises a modern purpose built retail warehouse with associated builders merchant and garden centre extending to 104,400 sq ft. Let to B&Q Plc for an unexpired lease term of 10.8 years at a total passing rent of £1,566,000 p.a, equating to £15.00 per sq ft.

Contact

David Kos

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

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


Terms & Conditions | Privacy Policy
Web Design by Creativeworld