Basic Facts
Property ID:
4657
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Post Updated:
2019-06-24 10:41:28
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Gross Rent:
£ 62,500
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Lease Term:
15 years from Sep '14
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Property Description
- Freehold, blue-chip, convenience store investment
- Newly refurbished supermarket with ample car parking on site
- There are several self-contained flats on the uppers floors
Location Description
- Yeovil is located near Glastonbury in the South West England
- The property is located in a densely populated residential area benefiting from being a few metres away from a school.
Additional Notes
- The entire property is let to The Southern Co-operative Ltd for 15 years (no breaks) from 29/09/2014 for £62,500 p.a. FR&I
- 5 yearly inflation-linked rent reviews to a maximum of 4% p.a. and a minimum of 1% p.a.
Features
£500k - £1m
Attractive property
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Lease term: 10 - 15 years
Minimum Rental Uplifts
New Development
No Break clauses
Residential element