Basic Facts
Property ID:
12546
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Post Updated:
2020-07-29 15:51:35
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Area:
5100 sq ft
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Gross Rent:
£ 52,000
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Lease Term:
FR&I 15 yrs from May '20
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Lease Term Expiry Date:
01/05/35
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Years left on Lease:
11
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Property Description
- Freehold Blue-chip supermarket investment.
- Ground floor sales area of c.a 3,600 sq ft with approx 1,500 sq ft on the 1st floor.
- Customer parking spaces available.
Location Description
- Green Lane in High Green is in the Yorkshire and the Humber region of England.
- High Green is a suburb in the North of Sheffield, located 8 miles to the city centre.
Additional Notes
- Entirely let to Heron Foods Ltd on FR&I Lease for 15 years with tenant break clause option in 10th year.
- Current rent £52,000 pa with OMV review every 5th year capped at 12.5%.
- Heron Foods Ltd have 240 branches and for the Y/E 31/03/18 reported a T/O of £394m, Pre-Tax Profit of £8.1m and Net Worth of £41.9m.
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Suitable for a SIPP