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  • Sainsbury Distribution Warehouse, Worcester

Acquisition:

Sainsbury Distribution Warehouse, Worcester

Posted on February 6, 2014
Sainsbury Distribution Warehouse, Worcester
  • Modern distribution warehouse on Shire Business Park, which is located directly adjacent to Junction 6 of the M5 motorway.
  • Comprising approximately 370,780 sq ft GIA.
  • Let to Sainsbury’s Supermarkets Limited (with J Sainsbury Plc as Guarantor) from 25 December 1995 expiring on 24 December 2025, approximately 12 years unexpired.
  • The current passing rent is £2,080,000 per annum which equates to circa £5.61 per sq ft.
  • The lease is subject to 5 yearly upward only rent reviews.
  • Favourable rent review clause, taking account of the greater of market rental value, the passing rent or notional rental value for a 100,000 sq ft unit within a radius of 60 miles of the demised premise for uses within B1, B2 or B8.
  • Long Leasehold.
  • Sainsbury’s Supermarkets Limited currently has a D&B rating of 5A1.
  • Site area of 18.62 acres with a site cover of 45%.
  • Acquired on behalf of RLAM for £32,000,000.


 

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