Co-op Food, Loughborough
Co-Op KnightThorpe Road, Loughborough, Leicestershire, LE11 4JXBasic Facts
| Property ID: 12463 | Post Updated: 2020-06-18 15:57:58 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Area: 4350 sq ft |
| Gross Rent: £ 69,300 | Lease Term: Lease expiring November '30 |
| Lease Term Expiry Date: 30/11/30 | Years left on Lease: 6.6 |
| VAT applicable: Yes |
Property Description
- Freehold Mixed Use Convenience store Investment.
- Ground floor sales unit of 4,350 sq ft with a 3 Bed self contained flat on the first floor.
- Adjoining customer car park.
Location Description
- Loughborough is an attractive market town in the East of Midlands and has a population of 59,317.
Tenancy
- Let to Central England Cooperative Ltd on a FR&I lease until November 2030 (no breaks). At a passing rent of £60,900 with 5 yearly indexed link rent review subject to cap & Collar 1%-4%.
- First floor flat is let on a AST from April 2016 at a rent of £8,400 per annum.
- Central England Cooperative Ltd operate more than 400 trading outlets across 16 Counties in Central England.
Features
£1m - £5m
Above £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Residential element
