1.Bidfood
Cannock, Birmingham, UK
This property, situated in what is known as the “Golden Triangle” for logistics and distribution real estate in the United Kingdom.
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The property known as Richmond House is a modern regional office building in a well located and established office park in Gateshead, being part of the Newcastle Upon Tyne conurbation, and in close proximity to the Metro Shopping complex, Europe’s largest super-regional shopping centre. The property comprises a 21 626 square foot building which has been extensively refurbished for the tenant in terms of a detailed specification of works, at an estimated cost of £1.4m. The property is let to BDW Trading Ltd, the principal trading company of Barratt Developments plc being a FTSE 100 company, on a new FRI 10 year lease
expiring 1 July 2027.
Richmond House, Gateshead, Newcastle
Office
21 626 square foot
BDW Trading Limited
1 July 2027
6.7%
Fully repairing and insuring (ie tenant responsible for all operating costs), upwards only 5 yearly rental reviews.
This property, situated in what is known as the “Golden Triangle” for logistics and distribution real estate in the United Kingdom.
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