Prominent convenience supermarket in attractive market town
Let to Co-Operative Foodstores Limited guaranteed by Co-Operative Group Limited
5,040 sq ft
25 year lease wef 6th July 2006, expiring 5th July 2031 (15 years UXT)
Current rent of £98,315.92 per annum
Five yearly fixed reviews in line with 2.25% per annum compounded
Freehold
Development potential over unutilised car park, subject to planning
Seeking offers of £1,540,000 (STC)
Reflecting a Net Initial Yield of 6.00%
Reversionary yield of 6.71% in July 2021 and 7.5% in July 2026
