Investment Summary

Golden Cross Parade, Ashingdon Road, Rochford, Essex SS4 1UB

  • Co-op anchored retail parade with residential uppers in the South-East of England
  • Busy commuter area close to London and London Southend Airport
  • Ground floor retail with apartments over 2 floors above
  • 8,929 sq ft of retail accommodation
  • 12,852 sq ft of residential accommodation within 17 duplex flats
  • Total of 21,781 sq ft on a site of 1.01 acres (low site dnesity of 21%)
  • Total income of £230,250 per annum
  • 70% of revenue derives from commercial, 30% from residential
  • 26% of income secured against Co-Operative Food Group Limited
  • Co-Operative Food Group limited is a D&B 5A1 rated covenant
  • AWULT of 6.49 years to expiry, 6.25 years to break
  • Quoting offers in excess of £2,675,000 (STC)
  • 8.09% Net Initial Yield, 9.76% Reversionary Yield
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