Basic Facts
Property ID:
4976
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Post Updated:
2019-06-24 10:41:22
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Gross Rent:
£ 63,000
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Lease Term:
15 years from May '17
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VAT applicable:
Yes
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Property Description
- Freehold Blue-Chip Convenience Store Investment
- Newly configured convenience store comprising ca. 370 sq.m on the ground floor and 68 sq.m on the first floor
- The site has parking for 10 cars
Location Description
- The affluent town of Bedford, with a population of around 80,000, is located 20 miles north of Luton in the East of England.
- This unit is located in a residential area, next to a petrol station & opposite a large medical centre.
Additional Notes
- Brand new 15 year lease to Co-Op Food with no breaks at an initial rent of £63,000 p.a. from May ’17
- 5 yearly rent reviews index linked to CPI (collar & capped at 1% & 3% p.a. on compound basis)
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Lease term: 10 - 15 years
Minimum Rental Uplifts
No Break clauses
Suitable for a SIPP