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Co-op Drayton Rd 3,584 sq ft Retail Property Shawbury SY4 4HP £2,040,000 (£569.20/sq ft) 5.30% Net Initial Yield
Investment Highlights
- Co-op Investment Forward Commitment Opportunity.
- Co-op is relocating from its existing store adjacent to this newly purpose-built unit.
- GIA of 3,584 sq. ft (333 sq. m).
- 20 years unexpired term (break at the end of year 15 with a 6 month rent penalty if exercised).
- 5 yearly CPI Linked reviews (cap and collar of 4% and 2%).
- Overriding lease of the whole to Kenmare Estates Ltd with Midcounties Co-operative Ltd as Guarantee.
- Site area of 0.282 acre (0.114 ha).
- Undoubted covenant.
- Commencing rent of £115,000 per annum.
- Offers invited in the region of £2,040,000 reflecting a NIY of 5.3%.
Executive Summary
Offers invited in the region of £2,040,000 reflecting a NIY of 5.3%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Vehicle Repair Garage
Property Size
3,584 sq ft
Year Built
1972
Price
£2,040,000
Price per sq ft
£569.20
Yield
5.30%
NOI
£108,120
Tenancy
Single
Number of Floors
1
Plot ratio
0.11
Total Plot Size
0.72 ac
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Co-op | Drayton Rd
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