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Co-op Food, Woolavington


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Basic Facts

Status: Type: Tenure: Freehold Gross Rent: £ 65,000
Lease Term: 15 years from June '17 VAT applicable: Yes

Property Description

  • Freehold Blue-Chip Convenience Store Investment
  • Large site convenience store (circa 4,000 sq. ft. retail unit on ground floor)
  • The property benefits from a large car park with 22 spaces
  • Co-Op has a Post Office within the unit.

Location Description

  • The property is situated in the densely populated residential area of Woolavington, on the busy Woolavington Hill road.
  • Woolavington is a small town located 5 miles from Bridgwater & 12 miles from Glastonbury – the closest convenience store is over 5 miles away.

Additional Notes

  • Co-Op Group Food Ltd have a 15 year FR&I lease from 16th June 2017, initial passing rent of £65,000 per annum
  • 5 yearly rent reviews with fixed RPI uplifts of 1-4% p.a. collar and cap, compounded.

 

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