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Long term retail investment

Wantage, United KingdomUnlock address

68%

£11.600.000

Retail

#11659

Core, Core+

2 Feb 2024

Property Details

Authorized representative

Deactivated

34,551 m²

Leasable area

335 £/m²

5.04 %

2

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.00 %

0.40 %

Investment Overview

The property was developed in 2011 and comprises a purpose-built foodstore, separate retail unit, four residential flats and 70 demised car parking spaces. The town centre site extends to 0.50 hectares. The foodstore comprises 26,862 sq ft (2,495.5 sq m) GIA and enables the tenant to offer it’s full product range and food counters as well as providing for Online Grocery Shopping and Click and Collect. The adjoining retail unit comprises 3,355 sq ft (311.7 sq m) and is occupied by a boutique gym. There are four residential units at 2nd floor level above the gym and part supermarket. The foodstore is predominantly let to a strong tenant for a term of 20 years from 26th August 2011, providing 10 years unexpired with the option to renew for a further 15 years.