Investment Summary

Iceland Foods, 23-25 Church Street, Flint, CH6 5AD

  • Prominent single-let supermarket investment
  • Located in a well-situated market town close to Chester
  • 7,043 sq ft across ground and first floor
  • Let to Iceland Foods Limited (D&B 5A1 - Shareholders' Funds of £753,128,000)
  • 25 year lease expiring in February 2030 (13 years unexpired)
  • Tenant break option February 2025 (8 years unexpired)
  • Passing rent of £67,156 per annum
  • Five yearly fixed reviews in line with 2.5% per annum compounded
  • Feb 2020 - £75,981; Feb 2025 - £85,965
  • Freehold
  • Seeking offers of £975,000
  • 6.50% NIY and a Reversionary Yield of 7.37% in 2020 and 8.34% in 2025
Back to investments