Warehouse for sale

Booker Cash & Carry, Marconi Road, Burgh Road Industrial Estate, Carlisle, Cumbria CA2 7NA

Offers in Excess of 28,555 sq. ft. | £1,100,000

Property Description

Commercial information

  • 28,555 sq ft (2,652 sq m)

Key features

  • Freehold Cash & Carry Warehouse Investment
  • Let to Giant Booker Ltd with guarantee from Giant Bidco Ltd
  • Fixed minimum reviews
  • Site area 1.78 acres
  • Sales 4.7 billion, Profit before tax 118.7m-2014

Full description

ADDRESS: Booker Cash & Carry, Marconi Road, Burgh Road Industrial Estate, Carlisle, Cumbria CA2 7NA
Freehold Cash & Carry Warehouse Investment
Let to Giant Booker Ltd with guarantee from Giant Bidco Ltd
Fixed minimum reviews Site area 1.78 acres.
Sales 4.7 billion, Profit before tax 118.7m-2014
LOCATION
Estimated District Population : 104,000
Miles : 19 miles north of Penrith
38 miles west of Hexham. Roads : A595,A596,A689,A6,A69,M6
Rail : London Euston
SITUATION
The property is located in an established industrial location on the Burgh Road Industrial Estate approximately 2 miles north - west of the city centre.
Near by: Citroen, Cumbrian Building Supplies, and Calders Foods.
DESCRIPTION
Cash and Carry warehouse arranged on the ground floor only, on a site of about 0.72 hectares-1.78 ACRES.
ACCOMMODATION: Ground floor (Warehouse / Ancillary) - 28,555 Sq ft.
TENANCY
Let to Giant Booker Ltd, formerly Booker plc, guaranteed by Giant Bidco Ltd, for a term of 25 years from 28th February 2005 until 2030 on a full repairing and insuring lease at a current rent of 83893 p.a. There is a tenant only option to determine the lease on 28th February 2025.
REVIEWS:
The rent is reviewed on a 5 yearly basis to the greater of either the Open Market Rental Value or the current rent reserved per annum with compounded increases of 2.5% per annum. Therefore, minimum rental increases are as follows: February 2020 to 94,917 pax; and February 2025 to 107,390 pax.
RENT: 83,893 per annum TENURE: Freehold VAT IS: Applicable
PRICE: Offers in excess of 1100, 000 - Net 7.2%

More information from this agent

Nearest stations

  • Carlisle (1.6 mi)
  • Dalston (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Carlisle (1.6 mi)
  • Dalston (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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