B&M Retail & Tim Horton Glasgow
The property is owned in freehold and is well located in Stenhousemuir, Glasgow, within the District of Falkirk in Scotland. Stenhousemuir benefits from excellent road links, close to the M876 and M9, strategically positioned in the Glasgow-Edinburgh conurbation approximately equidistant between the two cities. It comprises a stand-alone, modern, purpose built solus retail warehouse leased to B&M Retail Limited, which boasts more than 500 stores in the UK, has 25 000 employees and on average has 3m customer transactions per week. The company is a wholly owned subsidiary pf the LSE listed and FTSE 250 member B&M European Value Retail SA. TH UK & Ireland Limited trading as Tim Hortons is a Canadian based multi-national fast food restaurant known for its coffee and donuts. It is Canada's largest quick service restaurant chain with 4,613 restaurants in nine countries.
|Use||A single storey, modern stand-alone retail warehouse with a separate stand-alone Tim Horton pod.|
|Size||22 000 square foot B&M with an adjacent 5 000 square foot garden centre + 2 500 square foot Tim Horton|
|Tenant||B&M Retail Limited (D&B 5A1) + TH UK & Ireland Limited (underpinned by an HSBC bank guarantee, D&B 5A1)|
|Lease expiry||B&M August 2033, Tim Horton April 2038|
|Type of lease||Fully repairing and insuring (ie tenant responsible for all operating costs),upwards only 5 yearly rental reviews).|