44 Wood Lane, Sonning Common, Reading, South Oxfordshire RG4 9SL

44 Wood Lane, Sonning Common, Reading, South Oxfordshire RG4 9SL

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  • Recently extended neighbourhood convenience store in wealthy South East town

  • Prominently situated on the towns high street

  • Primary food/convenience shopping for the local catchment

  • Total gross internal area of 4,569 sq ft

  • Sale and leaseback to the Co-operative Group Food Limited on a new 15-year full repairing and insuring lease without breaks from completion of the sale

  • Initial rent of £75,000 per annum (£16.40 psf)

  • 5 yearly rent reviews in line with CPI (collared and capped at 1–3%)

  • Freehold

  • Offers in excess of £1,335,000 (STC)

  • Representing a Net Initial Yield of 5.25%

  • Estimated reversionary yield of 6.09% in the 5th anniversary

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