• Secure convenience store investment opportunity
• Well-presented, recently extended and refurbished unit
• Provides a total of 3,064 sq ft
• Freehold site of c 0.59 acres
• Let to Co-operative Group Food Limited with surety from Co-operative Group Limited
• Includes a 0.14 acres development site that is not demised to the Co-op
• Falmouth has a high average house price of £313,525, with prices growing 4% in 2018 and 7% in 2017
• 15 year FRI lease from 20 June 2014 expiring 19 June 2029 but with an option to renew for a further 15 years
• 9.3 years to expiry
• Low initial rent, £84,759.67 per annum
• 5 yearly upward only RPI reviews (1% & 4% collar and cap)
• Offers in excess of £1,520,000 (STC)
• Representing a Net Initial Yield of 5.25%with a further increase to 6.09% in June 2024 assuming RPI growth of 3% pa.
