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Co-Op, Anchor Road, Coleford, Radstock, Somerset BA3

NEW CO-OP CONVENIENCE STORE OPPORTUNITY
For sale
  • New Stand-Alone Co-op Convenience Store Investment.
  • Attractive location 14 miles from Bath and 3 miles from Soho Houses’ Babington House.
  • Freehold.
  • 3,750 sq ft (348 sq m) GIA plus 12 dedicated parking spaces on a site of 0.37 acres approximately.
  • A new 15 year lease, no breaks, to The Co-operative Group Food Limited.
  • Initial rental income of £65,000 per annum (£17.33 per sq ft).
  • 5 yearly CPI rent reviews (1% & 3% collar & cap).
  • The Co-operative Group Food Limited (Dunn & Bradstreet 5A 1).
  • New development due for practical completion in August 2021.
  • Outline planning permission applied for the development of 63 new homes on Anchor Road.
  • We are instructed to seek offers in the region of £1,230,000, subject to contract.
  • A purchase at the asking price would reflect 5.0% Net Initial Yield, assuming standard purchasers’ costs of 6.9%.
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