£42.000.000
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Long income foodstore investment
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73,249 sq.ft.
6,805 m²Leasable area
573.39 £/sq.ft.
6,171 £/m²4.58 %
1
Freehold
X
Fees
Investment Overview
Long Income foodstore by 21.9 years unexpired, (with an option to extend). Let to a strong single tenant. Comprises a 73,249 sq ft (6,805 sq m) foodstore with 600 dedicated car parking spaces. The foodstore was constructed in 2008 as part of a £30 million regeneration of the town centre. The store benefits from 5 yearly fixed rental increases reflecting 3.00% pa compounded on the foodstore and 2.00% pa compounded on the car park.Loyal catchment population and limited local foodstore competition.
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