The Co-Operative, Station Road, Perranporth, Cornwall TR6 0DD

The Co-Operative, Station Road, Perranporth, Cornwall TR6 0DD

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  • Secure convenience store investment opportunity

  • Fantastic beachside location in popular and wealthy tourist town

  • Well-presented and recently refitted store (2015), scheduled to received latest Co-op branding in 2020.

  • Provides a total of 4,496 sq ft

  • Freehold site of c. 0.56 acres (0.23 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 £95,000 per annum (£21.13 psf)

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

  • Offers in excess of £1,690,000 (STC)

  • Representing a Net Initial Yield of 5.24%

  • Estimated reversionary yield of 6.08% in the 5th anniversary and 7.05% in 10th anniversary

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