Basic Facts
Property ID:
4808
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Post Updated:
2019-06-24 10:41:25
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Status:
Acquired
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Type:
Supermarket
|
Tenure:
Freehold
|
Gross Rent:
£ 55,000
|
Lease Term:
15 years from 2015
|
VAT applicable:
Yes
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Property Description
- Freehold, blue-chip supermarket Investment.
- The site provides car parking at the rear and to the side.
- The site extends a total of 4,000 sq ft.
Location Description
- Great Cornard is a large village located just outside Sudbury in Suffolk, and is 14 miles from Colchester and 20 miles from Ipswich.
- The property is located in a large residential town.
- The property is located 0.4 miles from the local school; Thomas Gainsborough School.
- The property is situated in a densely populated residential area.
Additional Notes
- The Freehold former pub, has a 15 year lease from 2015, with no break clauses, let to Co-operative Food.
- There are rent increases every 5 years, which are linked to the All Items RPI Index, with a passing rent of £55,000 p.a.
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Lease term: 10 - 15 years
Minimum Rental Uplifts
New Development
No Break clauses