Basic Facts
Property ID:
14681
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Post Updated:
2022-01-06 10:28:50
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Area:
4120 sq ft
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Gross Rent:
£ 69,000
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Lease Term:
15 years from June '21
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Lease Term Expiry Date:
30/06/36
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Years left on Lease:
12.2
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VAT applicable:
Yes
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Property Description
- Virtual Freehold Blue-Chip Supermarket Investment.
- Ground floor unit approx. 4,120 sq ft
- Customer car park.
Location Description
- The property is in Kingsmead which is in the southern western outskirts of Milton Keynes.
- It is in an area of a ongoing new housing development.
Tenancy & Additional Notes
- Ground floor unit let to Co-Op from June 2021 for 15 years with no breaks at a current rent of £69,000.
- 5 yearly rent reviews, to CPI wit a cap and collar of 1%-3%; unit handed over to an agreed shell specification.
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
New Development
No Break clauses
Suitable for a SIPP
Virtual Freehold