* Freehold
* £210, 996 per annum of Net Income.
* 3 tenants with new 15 - year leases.
* 16, 170 sq ft of refurbished space.
* Asset held in an spv holding this asset only.
* 5 year reviews, expected to £225, 396 pa.
* Average rent of £13. 95 per Sq Ft
* Gross Yield 6. 70%
* Net Yield 6. 57%
* WAULT - 8. 55 years
* Wale - 10 years
The property is a former Lidl Supermarket, disposed of by Lidl and is owned
Freehold under Land Registry Title LT264986. The site measures 1. 572 acres/
0. 636 hectares. The building is to be split into three units totalling 16, 170
sq ft/ 1, 520, 40 sq m, all refurbishment works will be completed to bring the
units to shell specification in line with the agreements to lease. The build
contract has started and the programme is to run for 13 weeks, with practical
completion expected for the beginning of September.
Copies of all three agreements to lease are available on request.