Retail premises for sale in Anchor Road, Radstock BA3, £1,230,000
1,230,000.00
Offer Nr.:
64050566
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Estate Office
Phone(s):
020 7768 1786
Email:
New Stand - Alone Co - op Convenience Store Investment.
Attractive location 14 miles from Bath and 3 miles from Soho House's Babington
House.
Freehold.
3, 750 sq ft(348 sq m) gia plus 12 dedicated parking spaces on a site of 0. 37
acres approximately.
A new 15 year lease, no breaks, to The Co - operative Group Food Limited (Dunn&
Bradstreet 5A 1).
Initial rental income of £65, 000 per annum (£17. 33 per sq ft).
5 yearly cpi rent reviews (1% & 3% collar & cap).
We are instructed to seekoffers over £1, 230, 000, subject to contract.
A purchase at the asking price would reflect 5. 0% Net Initial Yield, assuming
standard purchasers' costs of 5. 95%.
Assuming 3% cpi in each year a purchaser will benefit from the following
reversionary yield:
Year 5 - 5. 61%
Year 10 - 6. 51%
Attractive location 14 miles from Bath and 3 miles from Soho House's Babington
House.
Freehold.
3, 750 sq ft
acres approximately.
A new 15 year lease, no breaks, to The Co - operative Group Food Limited (Dunn
Bradstreet 5A 1).
Initial rental income of £65, 000 per annum (£17. 33 per sq ft).
5 yearly cpi rent reviews (1% & 3% collar & cap).
We are instructed to seek
A purchase at the asking price would reflect 5. 0% Net Initial Yield, assuming
standard purchasers' costs of 5. 95%.
Assuming 3% cpi in each year a purchaser will benefit from the following
reversionary yield:
Year 5 - 5. 61%
Year 10 - 6. 51%
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