Swindon: Taw Hill

April 2021
  • Neighbourhood Convenience Parade Investment Secured to Co-Op for a further 17.2 years with RPI linked uplifts.
  • Passing Rent: £196,996
  • Price: £3,390,000
  • Net Initial Yield: 5.46%

Fawcett Mead are pleased to have advised Savills Investment Management on the sale of this convenience parade in Swindon.

The subject property is let to The Midcounties Co-Operative Limited on Full Repairing and Insuring terms for a period of 25 years commencing on 19th December 2012. The rent is subject to five-yearly rent reviews linked to RPI with a collar of 2.00% and a cap at 3.25%.

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

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