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Anchor Road, Coleford, Frome, Somerset BA3 5PG

New Co-op Convenience Store Opportunity - 15 year FRI lease without breaks.
For sale
  • New Stand-Alone Co-op Convenience Store Investment.
  • Attractive location 14 miles from Bath and 3 miles from Soho House’s Babington House.
  • Freehold.
  • 3,750 sq ft (348 sq m) GIA plus 12 dedicated parking spaces on a site of 0.37 acres approximately.
  • A new 15 year lease, no breaks, to The Co-operative Group Food Limited (Dunn & Bradstreet 5A 1).
  • Initial rental income of £65,000 per annum (£17.33 per sq ft).
  • 5 yearly CPI rent reviews (1% & 3% collar & cap).
  • We are instructed to seek offers over £1,230,000, subject to contract.
  • A purchase at the asking price would reflect 5.0% Net Initial Yield, assuming standard purchasers’ costs of 5.95%.
  • Assuming 3% CPI in each year a purchaser will benefit from the following reversionary yield:
  • Year 5 – 5.61%
  • Year 10 – 6.51%
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