The Co-Operative, Draycott Road, Long Eaton, Derbyshire NG10 3FR

The Co-Operative, Draycott Road, Long Eaton, Derbyshire NG10 3FR

0.00
  • Secure convenience store investment opportunity

  • Prominent and central location in densely populated Derbyshire town

  • Well-presented, recently extended and refurbished unit with the latest Co-operative branding

  • Provides a total of 4,977 sq ft

  • Freehold site of c. 0.204 acres (0.082 hectares)

  • Sale and leaseback to undoubted covenant of Co-operative Group Food Limited (D&B 5A1)

  • 15 year FRI lease without break from completion of sale

  • Low initial rent of £55,000 per annum (£11.00 psf)

  • 5 yearly upward only CPI reviews (1-3% collar and cap)

  • Offers in excess of £940,000 (STC)

  • Representing a Net Initial Yield of 5.48%

  • Estimated reversionary yield of 6.36% in the 5th anniversary and 7.37% in 10th anniversary

    Download Brochure

Add To Cart