Heron Foods, Ellesmere Port, Liverpool
Basic Facts
| Property ID: 14686 | Post Updated: 2022-01-07 11:04:22 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Area: 22000 sq ft |
| Gross Rent: £ 55,000 | Lease Term: 15 yrs from Dec '21 |
| Lease Term Expiry Date: 08/12/36 | Years left on Lease: 12.6 |
| VAT applicable: No |
Property Description
- Freehold Blue-Chip Supermarket Investment.
- Formerly Sir Robert pub.
- The property is arranged on ground floor (4,876 sq ft) and 1st floor (2,443 sq ft), the total site area is 22,000 sq ft.
Location Description
- Liverpool is one of the principal cities of the North West and serves a population of some 480,000. The city enjoys good communications, being served by the M58 and M62, both providing links to the M6 some 17 miles to the east.
- The property is situated in Ellesmere Port is a town and port in Cheshire, located 11 miles south of Liverpool.
- Well positioned store opposite a BP Petrol Station and close to a handful of local schools.
Tenancy & Additional Notes
- The entire property is at present let to Heron Foods FR&I for a term of 15 years from 9th December 2021 with Tenant break option in 10th year.
- Current passing rent of £55,000 pa with OMV reviews every 5 years capped at 12.5%.
- Heron Foods Ltd have 240+ branches and for the Y/E 03/18 reported a T/O of £394m, Pre-Tax Profit of £8.1m and Net Worth of £41.9m.
Features
£500k - £1m
Blue-chip tenant
Finance available
Freehold
Lease term: 10 - 15 years
Suitable for a SIPP
