Foodstore anchored retail investment

Reading is a large and affluent town in the south-east of England, with catchment population of 391,000. A foodstore anchored retail park providing a rare blend of quality food & grocery occupiers, a drive-thru, national coffee shop operator and fast food take away units. Comprising 5 units plus a standalone drive thru restaurant, with a 110 space surface car park. Total net operating income of £550,973 p.a. with an ERV of £594,360 p.a. WAULT of 9.7 years to expiry and 8.1 years to break Total site area c 4 acres with strong alternative use value. 999 year leasehold interest (virtual freehold) with a ground rent of £100 pa. Ability to purchase the Freehold interest from March 2025 for £1,000. 110 space surface car park providing a ratio of 1:267. The site also includes a BP petrol filling station and Toby Carvery public house both of which have been sold off on long leasehold interests. The site area extends to approximately 4 acres/1.62 hectares.