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Iceland Foods
Sold

Iceland Foods

23-25 Church Street, Flint, CH6 5AD

  • Prominent single-let supermarket investment

  • Located in a well-situated market town close to Chester

  • 7,043 sq ft across ground and first floor

  • Let to Iceland Foods Limited (D&B 5A1 - Shareholders' Funds of £753,128,000)

  • 25 year lease expiring in February 2030 (13 years unexpired)

  • Tenant break option February 2025 (8 years unexpired)

  • Passing rent of £67,156 per annum

  • Five yearly fixed reviews in line with 2.5% per annum compounded

  • Feb 2020 - £75,981; Feb 2025 - £85,965

  • Freehold

  • Seeking offers of £975,000

  • 6.50% NIY and a Reversionary Yield of 7.37% in 2020 and 8.34% in 2025

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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