Sainsbury Distribution Warehouse, WorcesterPosted on February 6, 2014
- 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.