-Prime Central London index linked foodstore investment
-Passing Rent: £227,502 per annum
-Net Initial Yield: 4.65%
Fawcett Mead are delighted to have advised CBRE IM on the disposal of this Central London index linked foodstore investment.
The property is let entirely to Co-operative Group Limited until 24th March 2030, at a rent of £227,502 per annum. The lease is subject to five yearly upward only rent reviews linked to RPI with a collar and cap of 1% to 4% per annum compounded.
Jonathan Mills commented "We were delighted to complete this sale for CBRE IM to an overseas investor who was attracted to the strong income profile and prospects for future rental growth. Again, this reinforces the strong investor appetite for foodstore income that provides a number of defensive qualities in an otherwise highly volatile environment."
Enter your name and email address below to subscribe to our property email alerts.