Share:

Long income foodstore investment

Halesowen, United KingdomUnlock address

66%

£42.000.000

Retail

#11891

Core

2 Feb 2024

Property Details

Authorized representative

Deactivated

73,249 sq.ft.

6,805 m²

Leasable area

573.39 £/sq.ft.

6,171 £/m²

4.58 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.00 %

0.40 %

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.