-Freehold supermarket and ground rent investment
-Passing Rent: £253,625 per annum
-Net Initial Yield: 4.75%
Acting on behalf of CBRE Global Investors, Fawcett Mead are delighted to have sold this freehold supermarket and ground rent investment.
The property comprises of a 16,770 sq ft foodstore and four shop units, let to Co-operative Group Ltd on a 15 year term from October 2017, at a passing rent of £250,000pa. There is additional ground rent income of £3,625 pa.
The sale price of £5,000,000 reflected a net initial yield of 4.75%.
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