Bicester: Bure Park

April 2021
  • Neighbourhood Convenience Parade Investment Secured to Co-Op.
  • Passing Rent: £108,298
  • Price: £1,860,000
  • Net Initial Yield: 5.48%

Fawcett Mead are pleased to have advised Savills Investment Management on the disposal of the Bure Park convenience parade.

The convenience parade is let to Midcounties Co-Operative Limited with annual uplifts until 2037. The rent is subject to five-yearly rent reviews linked to RPI with a collar of 2.00% and a cap at 3.25% applied annually.

Graham Fawcett commented "The sale of this property went through incredibly quickly together with Swindon to a reliable and efficient purchaser. Both parties were delighted with the result."

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