B&M Retail – Leek

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B&M Retail - Leek

The property is well located in Leek, a market town in Staffordshire in the North West of England. Strategically positioned in a prominent location on the A53, the main arterial road which leads into the town centre, it provides direct access to both Newcastle under Lyme (12 miles SW of Leek) and Stoke on Trent. It comprises a standalone, modern, purpose built solus retail warehouse leased to B&M Retail Limited, which boasts 450 stores in the UK, has 20 000 employees and on average has 2.7m customer transactions per week. The company is a wholly owned subsidiary of the LSE listed and FTSE 250 member B&M European Value Retail S.A.

Location Leek, Staffordshire
Use A single storey, modern stand-alone retail warehouse
Size 26 675 square foot + a 10 000 square foot garden centre
Tenant B&M Retail Limited (D&B 5A1)
Lease expiry 24 March 2028
Acquisition yield 6.25%
Type of lease Fully repairing and insuring (ie tenant responsible for all operating costs), upwards only 5 yearly rental reviews.