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The Co-Operative
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The Co-Operative

17 Martin Hardie Way, Tonbridge TN10 4AE

  • Secure convenience store investment opportunity

  • Located in a densely populated town in the south east

  • Converted/extended building refitted in 2015 and scheduled for latest Co-op branding in 2020

  • Provides a total of 3,324 sq ft

  • Freehold site of c. 0.126 acres (0.051 hectares)

  • Sale and leaseback to undoubted covenant of Co-operative Group Food Limited (D&B 5A1)

  • 15 year FRI lease without break from completion of sale

  • Low initial rent of £55,000 per annum (£16.55 psf)

  • 5 yearly upward only CPI reviews (1 - 3% collar and cap)

  • Offers in excess of £982,000 (STC)

  • Representing a Net Initial Yield of 5.25%

  • Estimated reversionary yield of 6.08% in the 5th anniversary and 7.05% in 10th anniversary

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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Profile photograph of Adam Wildig

Adam Wildig

Partner

+44 (0)7739 325 666

aw@christopherdee.co.uk
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