11-15 Wharf Street, Sowerby Bridge, Investment

Description

LONG LEASEHOLD INVESTMENT OPPORTUNITY
Net Return 10.57%
Let to B & M Retail Limited who have 700 stores and employ over 35,0000 staff across England, Scotland, Wales and Northern Ireland.
3 Year lease commencing 21 December 2023.
Passing rent £44,500 per annum with a ground rent payable of £7,500. Net rent receivable £37,000 per annum.
Retail warehouse accommodation extending to 10,577ft² GIA.
EPC Asset Rating C

The property comprises a predominantly single storey retail warehouse positioned within Sowerby Bridge town centre. The accommodation extends to approximately 10,577ft² having frontage onto Wharf Street, in addition to a generous car parking area to the rear. The property is let to B & M Retail Limited for a term of 3 years from 21 December 2023. The passing rent is £44,500 per annum. B & M Retail Limited were incorporated on 14 March 1978 and their accounts ending 25 March 2023 show an increase in revenue of 4.1% and pre-tax profits of £436 million and a Net Worth of £604m. They have over 700 stores across England, Scotland, Wales and Northern Ireland and total average sales increased by 3.5% in the last financial year. B & M Retail hold a lease for a term of 3 years from 21 December 2023 at a rent of £44,500 per annum.