The Co-Operative, Ivy Road, Macclesfield, Cheshire SK11 8NA

The Co-Operative, Ivy Road, Macclesfield, Cheshire SK11 8NA

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  • Secure convenience store investment opportunity

  • Prominent location with return frontage in wealthy Cheshire town

  • Well-presented and recently refurbished store with Co-ops latest branding

  • Provides a total of 4,640 sq ft

  • Freehold site of c. 0.35 acres (0.014 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 £60,000 per annum (£12.93 psf)

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

  • Offers in excess of £1,070,000 (STC)

  • Representing a Net Initial Yield of 5.25%

  • Estimated reversionary yield of 6.09% in the 5th anniversary and 7.05% in 10th anniversary

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