Savills Investment Management have put the freehold of the B&Q Extra, Newport, Isle of Wight on the market for £22,905,000 reflecting a net initial yield of 6%.
The property is the only DIY retail warehouse on the Isle of Wight and dominates its catchment. It is one of B&Q’s top performing stores both regionally and nationally.
It is let to B&Q plc for a further 12.5 years at £1,454,037. The rent is reviewed 5 yearly to RPI capped at 3% pa compound.
For further information contact Hamish Whiteman or Nick Staunton.