Iceland, Northampton
52 Weedon Rd, Northampton NN5 5BE, UKBasic Facts
| Property ID: 12388 | Post Updated: 2020-12-08 11:40:40 |
| Status: Acquired | Type: Supermarket |
| Tenure: Virtual Freehold | Area: 8858 sq ft |
| Gross Rent: £ 162,711 | Lease Term: Expiring Feb '30 |
| Lease Term Expiry Date: 01/02/30 | Years left on Lease: 5.8 |
Property Description
- Virtual Freehold Blue-Chip Supermarket Investment.
- 8,858 sq.ft. single storey unit.
- Property benefits from car parking spaces.
Location Description
- Located in Northampton which is just 65 miles north of London with a population of over 220,000.
- The property is located on a busy road in a dense residential area next to Aldi, Betfred, Nationwide & Post Office all within close distance.
Tenancy
- Let to Iceland Foods Limited with a guarantee by Ice Acquisitions Ltd until February 2030 (no breaks).
- Current rent of £162,711 with fixed rental increase in 2025 to £184,092.
- 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.
Additional Notes
- The property is held on a Virtual Freehold lease (972 years remaining) peppercorn ground rent.
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Suitable for a SIPP
