Lunson Mitchenall successfully advise on the off-market acquisition of a retail warehouse in Yeovil

September 6, 2018

Lunson Mitchenall acquired the B&M on Lysander Road, Yeovil for £4.715m on behalf of a private client.

The property is a freehold single let retail warehouse, consisting of approximately 23,000 sq ft and is let to B&M for a further 11.5 years. The property sits within a retail warehousing cluster on Lysander Road, one of Yeovil’s main arterial roads.

Yeovil is a historic south west town which has an exclusive catchment area and low levels or retail warehousing vacancy.

 

Archie Stead of Lunson Mitchenall commented “The property provides excellent income security with over 10 years term certain to a 5A 1 covenant, which is continuing to grow and perform strongly despite wider weaknesses in the retail market. B&M’s strategy of providing great value on items that consumers buy regularly for their family and home is highly relevant in a challenging economic environment, which is seeing a squeeze on disposal income.”

quote-open

The property provides excellent income security with over 10 years term certain to a 5A 1 covenant, which is continuing to grow and perform strongly despite wider weaknesses in the retail market

quote-closed

@intuwatford Latest F&B news - The Florist! Opening on Monday
Great morning so far @BisnowEurope and some interesting thoughts on the future of retail! #retail #bisnoweurope #cafedeparis #london
@rapha_rcc pop-up shop in Leeds
@uniqlo_uk in #shoreditch is now open. Looking great!
The % Arabica coffee shop in Kyoto Japan is one of the best we have seen for some time. Currently in 11 countries with another 5 territories planned - soon to be trading domestically in Broadway Market and also Covent ...
The new ZA food concept by Pizza Express has just opened outside of Fenchurch Street Station City of London. Food to go and also dine in with an all day offering including pizza by the slice, wraps, salads and piadinas. ...
After 3 years of discussions the new 35,000 sq ft Zara store has opened @intulakeside and looks brilliant. Proud to have acted for intu on this letting. #zara #intu #intulakeside #retail #fashion #shineyshopfit
The pedestrianised High Street in Indian town #shimla - a cool place in more than one way #teamLMabroad
The Quay leisure development @intulakeside is really taking shape - not long until opening. @markethalls have signed this week for their new Halls concept taking 15,000 sq ft. Great to be involved in this development. #restaurant #intu #intulakeside #bar #food ...

Load More

Sign up for our newsletter to keep up to date with Lunson Mitchenall