Forecourt and convenience store investment opportunity

Highly prominent corner forecourt and convenience store investment opportunity. Located 5.1 miles north of central London. 0.27 acre site comprising 8 petrol pumps, 8 car park spaces and a modern 24-hour convenience store. Let to Co-operative Foodstores Limited, guaranteed by Co-operative Group Limited on FR&I terms for 20 years expiring on 20th June 2027. Current passing rent of £212,436 per annum, with 2% fixed annually received uplifts. The vendor will top-up the rent on sale to the June 2022 uplift of £216,685 pa. 5.2 years term certain with no breaks. Medium-term mixed use residential-led development potential, with capital values in the area achieving in excess of £950 psf.