Secure convenience store investment opportunity
Fantastic beachside location in popular and wealthy tourist town
Well-presented and recently refitted store (2015), scheduled to received latest Co-op branding in 2020.
Provides a total of 4,496 sq ft
Freehold site of c. 0.56 acres (0.23 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 £95,000 per annum (£21.13 psf)
5 yearly upward only CPI reviews (1 - 3% collar and cap)
Offers in excess of £1,690,000 (STC)
Representing a Net Initial Yield of 5.24%
Estimated reversionary yield of 6.08% in the 5th anniversary and 7.05% in 10th anniversary
