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Co-op Convenience Store, Station Road, Sway, Hampshire SO31 6BA

SECURE CONVENIENCE STORE INVESTMENT
Under offer
  • New Co-op Convenience Store Investment.
  • Attractive location in the New Forest.
  • Freehold.
  • 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%.
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