Co-op Food, Woolavington
43 Woolavington Hill, Bridgwater, Somerset, TA7 8HQBasic Facts
Property ID: 5072 | Post Updated: 2019-06-24 10:41:20 |
Status: Acquired | Type: Supermarket |
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.