1.Bidfood
Cannock, Birmingham, UK
This property, situated in what is known as the “Golden Triangle” for logistics and distribution real estate in the United Kingdom.
The property is located at a very prominent position on the major route into Grimsby from the West, is a year old having been developed to Wickes requirements, comprises 27 061 sqft of ground floor retail warehouse plus 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, which is listed on the London Stock Exchange, has a business focus on DIY stores, home improvement and garden centre retailing.
Grimsby, East Lincolnshire, UK
A single storey, modern stand alone retail warehouse with upper level showroom and office mezzanine areas
27 061 square foot (including mezzanine areas) (site cover of 28%)
Wickes Building Supplies Limited
30 April 2035, with tenant break in April 2030 subject to 6 months advance notice
6.45%
Fully repairing and insuring (ie tenant responsible for all operating costs), upwards only 5 yearly rental reviews capped at 3.0% pa compound
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