Secure convenience store investment opportunity
Prominent and central location in affluent Oxfordshire town
Well-presented, recently extended and refurbished unit
Provides a total of 2,833 sq ft
· Freehold site of c. 0.226 acres
Sale and leaseback to undoubted covenant of Co-operative Group Food Limited
15 year FRI lease without break from completion of sale
Low initial rent of £55,000 per annum (£12.50 psf)
5 yearly upward only CPI reviews (1-3% collar and cap)
Offers in excess of £982,000 (STC)
Representing a Net Initial Yield of 5.25%
Estimated reversionary yield of 6.08% in the 5th anniversary and 7.05% RY in 10th anniversary
