Petrol Stations for sale in Bingham, UK

Commercial Property in Bingham available for sale

Retail Properties for Sale Near the Bingham, 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.