Marconi Road - Burgh Road Industrial Estate - Booker Cash And Carry, Carlisle, CMA

The property comprises a cash and carry warehouse arranged on the ground floor only, on a site of approximately 0.72 hectares (1.78 acres).
The property is located in an established industrial location on the Burgh Road Industrial Estate approximately 2 miles north – west of the city centre.

Sale Notes:
The available space comprises a Freehold Cash & Carry Warehouse Investment with fixed minimum reviews offering IY 6.70%
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 £74149 p.a. There is a tenant only option to determine the lease on
28th February 2025. The vendor will guarantee a rent of £83893 p.a. on completion.


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 2015 to
£83,893 pax; February 2020 to £94,917 pax; and February 2025 to £107,390 pax.