Recently extended neighbourhood convenience store in wealthy South East town
Prominently situated on the towns high street
Primary food/convenience shopping for the local catchment
Total gross internal area of 4,569 sq ft
Sale and leaseback to the Co-operative Group Food Limited on a new 15-year full repairing and insuring lease without breaks from completion of the sale
Initial rent of £75,000 per annum (£16.40 psf)
5 yearly rent reviews in line with CPI (collared and capped at 1–3%)
Freehold
Offers in excess of £1,335,000 (STC)
Representing a Net Initial Yield of 5.25%
Estimated reversionary yield of 6.09% in the 5th anniversary
