Basic Facts
Property ID:
12891
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Post Updated:
2021-02-22 11:49:00
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Area:
3000 sq ft
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Gross Rent:
£ 47,500
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Lease Term:
FR&I 10 yrs from Dec'19
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Lease Term Expiry Date:
01/12/29
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Years left on Lease:
5.6
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Property Description
- Freehold Blue-chip supermarket investment.
- Recently refurbished former Sportsman public house.
- Ground floor sales area of c.a 3,000 sq ft.
- Customer parking spaces available.
Location Description
- Tipton is a densely populated West Midlands town situated two miles from Dudley and eight miles from Birmingham City Centre.
- Dudley Port is located approximately eight miles northwest of Birmingham, three miles west of West Bromwich and two miles northeast of Dudley.
- The A461/A4123 provide access to the M5 motorway (junction 2), approximately three miles to the southeast.
Additional Notes
- Entirely let to Heron Foods Ltd on FR&I Lease for 10 years, current rent of £42,000 pa.
- 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