Secure convenience store investment opportunity
Prominent location with return frontage in wealthy Cheshire town
Well-presented and recently refurbished store with Co-ops latest branding
Provides a total of 4,640 sq ft
Freehold site of c. 0.35 acres (0.014 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 £60,000 per annum (£12.93 psf)
5 yearly upward only CPI reviews (1 - 3% collar and cap)
Offers in excess of £1,070,000 (STC)
Representing a Net Initial Yield of 5.25%
Estimated reversionary yield of 6.09% in the 5th anniversary and 7.05% in 10th anniversary
