Prominent single let supermarket investment
Located in a well situated commuter town close to Greenock
8,953 sq ft across ground and first floor
Let to Iceland Foods Limited (D&B 5A1 - Shareholders' Funds of £770,000,000)
25 year lease expiring 27th February 2030 (11.75 years unexpired)
Tenant break option 28th February 2025 (6.75 years unexpired)
Passing rent of £58,195 per annum
5 yearly fixed reviews in line with 2.5% per annum compounded
Freehold
Seeking offers of £615,000 (STC)
Attractive 9.05% Net Initial Yield
Reversionary Yield of 10.20% in 2021 and 11.54% in 2026
