Co-op Food, Horsham

Property Description

• Virtual Freehold Supermarket Investment.
• Ground floor unit of 4,172 sq ft.
• 26 car parking spaces in the forecourt shared by the tenants within the commercial parade.

Location Description

• The Neighbourhood Centre forms part of a Section 106 agreement from the consent granted for the 963 residential units on the 138 acre site.
• Wickhurst Green is Countrywide’s new development village to the south of Broadbridge Heath.
• It is situated approximately 30 miles West of London and 2 miles to the West of the affluent historical town of Horsham.
• Adjoining commercial units included a Bright Horizons Nursery, a vets practice and a dental clinic

Tenancy & Additional Notes

• Brand new 999 year Virtual Freehold lease of ground floor unit Let to Southern Co-operative Limited from 13th July 2020 with passing rent of £80,000 p.a.
• 5 yearly RPI reviews (1% Collar 4% Cap).
• Southern Co-operative Limited are an independent regional co-operative. They operate 210 convenience/community food retail stores and turnover approximately £430m per annum (2018). The company offer an excellent covenant (Dun & Bradstreet rating 5A1) which indicates financial strength and minimal risk of failure.