BDW Trading Limited – Gateshead

B&M Retail – Leek
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BDW Trading Limited - Gateshead

The property known as Richmond House is a modern regional office building in a well located and established office park in Gateshead, being part of the Newcastle Upon Tyne conurbation, and in close proximity to the Metro Shopping complex, Europe's largest super-regional shopping centre. The property comprises a 21 626 square foot building which is currently being extensively refurbished for the tenant in terms of a detailed specification of works, at an estimated cost of £1.4m. The property is let to BDW Trading Ltd, the principal trading company of Barratt Develpments plc being a FTSE 100 company, on a new FRI 10 year lease expiring 1 July 2027.

Location Richmond House, Gateshead, Newcastle
Use Office
Size 21 626 square foot
Tenant BDW Trading Limited (D&B 5A1)
Lease expiry 1 July 2027
Acquisition yield 6.7%
Type of lease Fully repairing and insuring (ie tenant responsible for all operating costs), upwards only 5 yearly rental reviews.