•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
