• Secure convenience store investment opportunity
• Prominent and central location in affluent North West town
• Well-presented, recently extended and refurbished unit
• Provides a total of 8,820 sq ft
• Freehold site of c. 0.41 acres
• Let to Co-operative Group Food Limited
• 15 year FRI lease without break from 31st March 2017, expiring 30th March 2032
• 12.5 years unexpired
• Very low initial rent of £50,000 per annum (£5.66 psf)
• 5 yearly upward only RPI reviews (1-4% collar and cap)
• Offers in excess of £950,000 (STC)
• Representing a Net Initial Yield of 5.00%
• Estimated reversionary yield of 5.77%in the 5th anniversary and 6.69% RY in 10th anniversary
