Iceland Foods Limited, 40-42 Church Street, Port Glasgow, Inverclyde PA14 5JD

Iceland Foods Limited, 40-42 Church Street, Port Glasgow, Inverclyde PA14 5JD

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  • Prominent single let supermarket investment

  • Located in a well situated commuter town close to Greenock

  • 8,953 sq ft across ground and first floor

  • Let to Iceland Foods Limited (D&B 5A1 - Shareholders' Funds of £770,000,000)

  • 25 year lease expiring 27th February 2030 (11.75 years unexpired)

  • Tenant break option 28th February 2025 (6.75 years unexpired)

  • Passing rent of £58,195 per annum

  • 5 yearly fixed reviews in line with 2.5% per annum compounded

  • Freehold

  • Seeking offers of £615,000 (STC)

  • Attractive 9.05% Net Initial Yield

  • Reversionary Yield of 10.20% in 2021 and 11.54% in 2026

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