Sainsbury’s, Pharmacy & Restaurant, Wootton

Property Description

• Freehold Brand New Mixed-Use Development.
• 3 units totalling 7,265 sq ft on a large site with substantial parking.

Location Description

• Wootton is a village and civil parish located to the south-west of Bedford, in the north of England.
• The immediate vicinity has seen a great deal of residential development over the last 30 years

Tenancy

• Unit 1 let to Sainsbury 15 yrs FRI from May ’20 at passing rent of £82,500 (3 months rent free), rent review every 5 years, RPI Collar 1% & Cap 3.5%.
• Unit 2 let to Wootton Pharmacy (Arif Esmail & Company Limited – Company Number – 09767206) Long established company with principle operation in Roade Northampton. 15 yrs FRI from May ’20 at passing rent of £18,000 (3 months rent free), rent review every 5 years, OMV upward Only.
• Unit 3 & 4 Matthew Robert Marks & Juliano Brito (Fish & Chip Shop). The partners of the business have a combined history of 50 years within the industry and a proven financial track record (They have a very successful Fish & Chips business at Aylesbury and looking to expand the Codfather brand). 20 yrs FRI from May ’20 at passing rent of £37,000 (3 months rent free), rent review every 5 years, OMV upward Only.

Additional Notes

• The property has been acquired on a forward funding basis and will be ready and trading in early 2021.