Acting on behalf of National Friendly, Mellersh & Harding have completed the sale of a modern warehouse in Ware, Hertfordshire let to the Royal Mail.
Following a successful lease renewal, Royal Mail Group Limited signed a new 10 year FR&I lease from February 2017 subject to rent review and a tenant’s break in 2022. The increased rent of £86,250 per annum exclusive reflects £8.85 per sq ft.
Having sought offers in excess of £1.25 million, competitive bidding resulted in a sale substantially in excess of this figure.
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