Secure convenience store investment opportunity
Prominent and central location in densely populated Derbyshire town
Well-presented, recently extended and refurbished unit with the latest Co-operative branding
Provides a total of 4,977 sq ft
Freehold site of c. 0.204 acres (0.082 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 (£11.00 psf)
5 yearly upward only CPI reviews (1-3% collar and cap)
Offers in excess of £940,000 (STC)
Representing a Net Initial Yield of 5.48%
Estimated reversionary yield of 6.36% in the 5th anniversary and 7.37% in 10th anniversary
