Investments / B&Q, Currys and Easy Bathrooms, Chippenham
METROBOX have sold the B&Q, Currys and Easy Bathrooms in Chippenham for £16.69 million, reflecting a net initial yield of 6%.
The property is a prime retail park of 79,950 sq ft on a 9.9 acre site (18.5% site cover).
It is let to B&Q (72.0%), Currys (22.4%) and Easy Bathrooms (5.6%), producing a total income of £1,069,375 pa, equating to just £13.38 psf.
The property has a WAULT of 7.6 years (no breaks) and a weighted tenant Creditsafe rating of 99.7, with all three tenants described by Creditsafe as ‘Very low risk’.
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Price: £16.69 million
Type: Investment Sale