Wickes – Grimsby

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Wickes - Grimsby

The property is located at a very prominent position on the major route into Grimsby from the West, is modern having been developed to Wickes requirements in 2015, comprises 27 061 sqft of ground floor retail warehouse, office areas and a mezzanine provided by Wickes at their cost per their standard specifications. The property is let to Wickes Building Supplies Limited on a 20 year lease expiring 30 April 2035. Wickes, part of the Travis Perkins group of companies, has a business focus on DIY stores, home improvement and garden centre retailing. Travis Perkins plc is listed on the LSE and has a market capitalisation value exceeding £4.5bn.

Location Grimsby, East Lincolnshire
Use A single storey, modern stand alone retail warehouse with office and mezzanine areas
Size 27 061 square foot (including mezzanine areas) (site cover of 28%)
Site area 1.71 acres (0.69 hectares)
Tenant Wickes Building Supplies Limited
Tenant rating 5A1 - Dun and Bradstreet
Lease expiry 30 April 2035, with tenant break in April 2030 subject to 6 months advance notice
Acquisition yield 6.45%
Type of lease Fully repairing and insuring (ie tenant responsible for all operating costs), upwards only 5 yearly rental reviews capped at 3.0% pa compound