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Co-Op Convenience Store 43 Clyde Rd 3,767 sq ft 4-Star Retail Property Frampton Cotterell BS36 2EF £1,850,000 (£491.11/sq ft)
Investment Highlights
- Attractive Commercial Investment
- New 15 year lease, no breaks, to The Co-operative Group Food Limited (Dunn & Bradstreet 5A1)
- Attractive affluent location 8 miles north east from Bristol
Executive Summary
Seeking offers in excess of £1,850,000 (One Million Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 5.6% after allowing for the usual purchaser’s costs.
The property is let on a new Full Repairing and Insuring lease to Co-operative Group Food Limited for a term of 15 years term certain, with an option to renew, at a commencing rent of £110,000 per annum, with 5 yearly rent reviews in line with the Consumer Price Index (CPI) subject to a collar and cap of 1% and 3%.
The tenant will benefit from a 6 month rent free period. This will be ‘absorbed’ by the Vendor and will be dealt with by way of an adjustment to the purchase price on completion.
The property is let on a new Full Repairing and Insuring lease to Co-operative Group Food Limited for a term of 15 years term certain, with an option to renew, at a commencing rent of £110,000 per annum, with 5 yearly rent reviews in line with the Consumer Price Index (CPI) subject to a collar and cap of 1% and 3%.
The tenant will benefit from a 6 month rent free period. This will be ‘absorbed’ by the Vendor and will be dealt with by way of an adjustment to the purchase price on completion.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Property Size
3,767 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
£1,850,000
Price per sq ft
£491.11
Tenancy
Single
Number of Floors
2
Plot ratio
0.20
Total Plot Size
0.44 ac
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Nearby Major Retailers
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Co-Op Convenience Store | 43 Clyde Rd
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