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Projects

Acquisition of Prime Builders Merchant

Client
Confidential

Location
Worthing

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Acquisition of a prime builder’s merchant in Worthing for a retained private family trust.

Recently developed (2019) builders’ merchant, showroom and trade counter facility on self-contained site located in Worthing.

Let to Travis Perkins for 15 years providing £320,000 per annum.

5 yearly upward only open market rent reviews with any increase capped at 21.67%. ie 4% pa compound.

Get in touch with the team

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Andrew Groves

Managing Partner, Commercial

Known for his tenacity and ability to unearth unusual opportunities, Andrew leads our London office and capital markets team.

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Thomas Handy

Surveyor, Capital Markets

Thomas is a Surveyor working on acquisitions and disposals in our capital markets team.

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