Status: Sold

Terms: Freehold

Price: £3,800,000

Yield: 6.75%

B&M, Old Tiffield Road, Towcester NN12 6PF

  • Towcester is an affluent market town in Northamptonshire
  • Highly accessible location at the intersection of the A5 & A43 providing convenient access to the M1 motorway located 7 miles (11.5km) to the north east
  • Prominent site situated within the only out-of-town retail cluster in the vicinity with Tesco, Aldi and Countrywide all trading in close proximity
  • Modern solus retail warehouse unit comprising 20,959 sq ft (1,947 sq m) with 93 car parking spaces, equating to a ratio of 1:225 per sq ft
  • Let to the strong covenant of B&M Retail Limited (5A1 with Net Worth in excess of £281m) via an assignment from Homebase until 28 September 2028 (an unexpired term in excess of 13.3 years)
  • Passing rent of £272,000 per annum, equating to £12.98 per sq ft
  • Wide bulky good planning consent
  • Freehold
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