Grocery & Local Shops for sale in Colne, UK

Commercial Property in Colne available for sale

Grocery & Local Shops for Sale Within 10 miles of the Colne, UK

64 Nottingham Rd

Bingham, NG13 8AW

Retail for Sale
£1,436,000
18,317 sq ft

Bingham Retail for Sale

The property occupies a prominent position on Nottingham Road, a principal route through Bingham, at its junction with Harvest Close. The store is situated within a predominantly residential catchment, some 4,408 households. The site benefits from good visibility, ease of access and dedicated on-site parking. The neighbouring overflow car park is in the ownership Aldi Stores Limited Ground Rent Investment This purpose-built Aldi supermarket offers approximately 18,317 sq ft (1,701.70 sq m) of efficient trading space on a well-configured 0.93 acre (0.38 hectare) site, complemented by a 30 space customer car park. Constructed to Aldi’s modern specification Freehold ground rent investment Let to Aldi Stores Limited Long unexpired lease term until August 2140 5-Yearly upward-only rent reviews, indexed to RPI Current rent of £87,605 per annum (exclusive) Modern purpose-built supermarket with car parking EPC rating: A £1,436,000 , subject to contract, representing a NIY of 5.75%, net of acquisition costs of 5.77% The supermarket is let to Aldi Stores Limited on a 125 year lease from 7 August 2015, with 5 yearly RPI-linked increases between 1% and 2.5% per annum compounded. The lease provides for a Tenant Option to Determine on 7 August 2035 and every 5 year thereafter, subject to serving 12 months written notice. The lease contains a reinstatement provision.