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Co-op Food
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Co-op Food

220 Spring Road, Itchen, Southampton SO19 2NT

•Secure convenience store investment opportunity

• Prominent corner location in a residential suburb of Southampton

• Newly built and well-presented property fit out in the Co-op's latest format

• Provides a total of 4,250 sq ft

• Sale and leaseback to undoubted covenant of Co-operative Group Food Limited

• 15 year FRI lease without break from completion of sale

• Initial rent of £88,000 per annum (£20.71 psf)

• 5 yearly upward only CPI reviews (1-3% collar and cap)

• Offers in excess of £1,640,000 (STC)

• Representing a Net Initial Yield of 5.01%

• Estimated reversionary yield of 5.80% in the 5th anniversary and 6.73% RY in 10th anniversary

Viewing and further information

Profile photograph of Alex Jones

Alex Jones

Trainee Surveyor

+44 (0)7516 001 666

aj@christopherdee.co.uk
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Adam Wildig

Partner

+44 (0)7739 325 666

aw@christopherdee.co.uk
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