Prime forward commitment opportunity.

Comprises two new-build foodstores extending to 30,357 sq ft.

Strategically located 0.5 miles south west of Ulverston town centre, on the A590, a main arterial route.

The strategic location benefits from affluent catchment demographics within a 20 minute drive.

Forms part of Beehive Business Park, a 9-acre mixed-use development which will include the Blue Light Hub, a fire, police and ambulance emergency response centre.

Practical completion of the units is scheduled for Q1 2020, when both tenants will take occupation.

Open A1 planning consent including food.

Unit 1 extends to 11,800 sq ft and is to be let to M&S on a 15 year FRI lease. The initial rent is £225,000 per annum (£19.07 per sq ft) and is to be reviewed 5 yearly to the lower of OMV or 2.5% pa compounded. There is a tenant option to break in year 10.

Unit 2 extends to 18,557 sq ft and is to be let to Aldi on a 20 year FRI lease. The initial rent is £286,891 per annum (£15.46 per sq ft) and is subject to 5 yearly RPI reviews (1% and 3% collar and cap).

WAULT of 15.6 years to break and 17.8 years to expiry.

Freehold.

Floor	Sq Ft	Comments
Part Ground	12,149
1st Floor	24,874
2nd Floor	25,397
3rd Floor	25,404
4th Floor	25,394
5th Floor	25,394
6th Floor	25,752

One Tony Wilson Place

5 Tiger Court

Concentric

Planetree House