Iceland, Blaby, Leicester
9A Johns Ct, Blaby, Leicester LE8 4DJ, UKBasic Facts
| Property ID: 12813 | Post Updated: 2021-01-18 11:12:19 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Area: 13000 sq ft |
| Gross Rent: £ 106,000 | Lease Term: 63 yrs from Mar' 70 FR&I |
| Lease Term Expiry Date: 25/03/33 | Years left on Lease: 8.9 |
Property Description
- Freehold Supermarket Investment.
- Large plot, total site area extending to 13,000 sq ft.
Location Description
- The city of Leicester is one of East Midland’s major commercial centres, located adjacent to the M1 Motorway (junction 21) and its junction with M69 Motorway.
- Leicester mainline station is approximately 3 miles to the south.
Tenancy
- Let to Iceland Foods Limited, lease expiring in March 2033.
- Current rent of £106,000, rent review 14 yearly next in 2026 (last review in 2012 went from £80,000-£106,000).
- For the year ended 29th March 2019, Iceland Foods Limited reported a turnover of 3bn, a pre-tax profit of £31m, shareholders funds of £810m and a net worth of £793m.
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Suitable for a SIPP
