Harrogate Co Op

Harrogate: Co-op, Jennyfield Drive

February 2022
Harrogate Co Op

-Freehold supermarket and ground rent investment
-Passing Rent: £253,625 per annum
-Price: £5,000,000
-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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