Morrisons M Local, Bletchley
Morrisons M Local, The Wishing Well, Tattenhoe Lane, Bletchley,MK3 7DJ
- Freehold blue-chip convenience store investment
- Large island site with parking and uppers
- Future residential redevelopment potential subject to planning
- Very densely populated residential area
- No competition in the immediate vicinity
- Close to two primary schools so the traffic from the schools will only add to the trade during schools hours
- Close to Windmill Hill Golf Course
- The property is located on Tattenhoe Lane which is approximately on the same road as Milton Keynes Preparatory School
- Entire property leased to WM Morrison Convenience Stores Limited, guaranteed by WM Morrison Supermarkets PLC
- 15 years on an effectively full repairing and insuring lease. Subject to tenant break at the end of year 10.
- Initial rent of £50,000 per annum
- Five yearly rent reviews in line with the RPI capped at 4% and a collar of 1% per annum.