Spectrum Brands – Wombourne

SIG – Sheffield
Sequel Properties | Vanquis Bank Chatham
Vanquis Bank – Chatham

Spectrum Brands - Wombourne

The property is well located in Wombourne Enterprise Park, Wombourne, which lies on the West Midlands and Staffordshire border, 15 miles west of Birmingham and 6 miles south of Wolverhampton. This modern, high specification property was constructed in 2005 as a national distribution facility and comprises 131,984 sqft of ground floor warehouse and ancillary offices. The property is let to Spectrum Brands UK Limited on a 25 year lease expiring 28 January 2030, offering more than 13 years of unexpired lease term. Spectrum Brands UK Limited is a wholly owned subsidiary of Spectrum Brands Holdings, which is listed on the NYSE. Spectrum Brands Holdings has a global footprint with a presence in 6 continents selling leading brands such as Russell & Hobbs, Black and Decker and Remington in 160 countries. 2015 sales were in excess of $4bn.

Location Wombourne, Wolverhampton
Use A single storey modern distribution warehouse with ancillary office accommodation
Size 131 984 square foot (site cover of 43%)
Tenant Spectrum Brands (UK) Limited (D&B 5A1)
Lease expiry 28 January 2030, with no tenant break
Acquisition yield 6.75%
Type of lease Fully repairing and insuring (ie tenant responsible for all operating costs), upwards only 5 yearly