Basic Facts
Property ID:
5331
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Post Updated:
2019-06-24 10:41:13
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Gross Rent:
£ 67,900
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Lease Term:
15 years from May '18
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VAT applicable:
Yes
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Property Description
- Freehold Blue-Chip Convenience Store & Retail Investment
- Whole building on a large site
- This is a relocation within the town – the co-op trades very well and are moving to bigger premises with more parking.
Location Description
- Located in the attractive affluent market town of Market Deeping.
- Deeping St James is a large village in the South Kesteven district of Lincolnshire, England.
- The population of the civil parish (including Frognall) was 6,923 increasing to 7,051 at the 2011 census.
- Occupiers nearby are independent shops including Nursery, boutique, bathroom and kitchen showroom, Events company among others.
Additional Notes
- 15 year unbroken lease to Central England Co-op, commencing rental £62,500 pax from May ’18
- Annually compounded RPI Linked 5 yearly reviews capped @4% and collared @ 1%.
- Additional lease to Simon Robinson t/a The Barber shop for 3 years for £5,400 pax from May ’18
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Lease term: 10 - 15 years
No Break clauses
Suitable for a SIPP