Investment Properties: Station Road, Sway, Hampshire SO41 6BA
Station Road, Sway, Hampshire SO41 6BA
OIRO £1,200,000 subject to contract - Freehold
- New Co-op Convenience StoreInvestment.
- Attractive location in the New Forest.
- 3,228 sq ft (GIA) plus 14 dedicated parking spaces.
- A new 15 year lease, no breaks, to The Co-operative Group Food Limited.
- Initial rental income of £65,000 per annum (£20 per sq ft).
- 5 yearly CPI rent reviews (1% & 3% collar & cap).
- The Co-operative Group Food Limited (D&B 5A 1).
- Currently a live construction site due for practical completion in Q4 2020.
- No competing national food retailers within 3 miles.
- We are instructed to seek offers in the region of £1,200,000, subject to contract.
- A purchase at the asking price would reflect 5.11% Net Initial Yield, assuming standard purchasers’ costs of 5.925%.