Long income convenience store and petrol filling station portfolio
Located in Forest Row, a large village in Wealden, East Sussex
Occupies a prominent corner position on the primary retail centre of the town
Provides a total of 3,955 sq ft
Site extending to 0.093 acres (0.038 hectares)
Let to the Co-operative Group Food Limited on a full repairing and insuring lease for a term of 15 years with effect from completion.
Rent of £65,000 per annum (£16.43 psf) is reviewed 5 yearly upwards only in line with CPI, subject to collar at 1% and cap at 3% per annum.
Offers in excess of £1,215,000 (STC)
5.00% Net Initial Yield
5.80% Reversionary Yield (2023)
6.72% Reversionary Yield (2028)
