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
