Investment Summary

Co-Op Convenience Store, 190 Tonge Moor Road, Bolton, BL2 2HN

  • Located within a busy and thriving suburb of Bolton
  • Situated fronting Tonge Moor Road, a main arterial commuter road out of the Town Centre
  • The site is a re-location of two existing smaller format stores
  • 5,500 sq ft of newly converted convenience store with 4 demised car spaces and ample on-street parking
  • Let to the Co-Operative Group Food Limited from PC (December 2017)
  • 10 year lease from practical completion
  • Initial rent of £37,500 pa
  • 5 yearly CPI reviews (collar 1% / cap 3%)
  • LLH for a term of 200 years from 11th October 2017. Ground rent of £3,000 per annum
  • Offers in the region of £525,000 (STC)
  • 6.29% NIY and a capital value of just £96 psf
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