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Supermarket investment with fixed rental uplifts

Aylesbury, United Kingdom

83%

£7.560.000

Retail

#34019

Core

28 Oct 2024

Property Details

Broker

Sold

21,500 sq.ft.

1,997 m²

Leasable area

351.63 £/sq.ft.

3,785 £/m²

6.50 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Located in Aylesbury, the property benefits from a highly-affluent catchment population with consumer expenditure being comfortably ahead of the UK-average. Purpose-built, modern, right-sized foodstore extending to 21,500 sq ft (GIA). Attractive income profile providing a long unexpired term with approximately 14.7 years remaining to lease expiry without breaks. Guaranteed rental uplifts with the rent subject to 5-yearly fixed rental uplifts at 3% pac, with the next review in September 2028. The only major foodstore in the south of Aylesbury and within a 5-minute drivetime, serving an exclusive local catchment. Car parking for approximately 123 spaces provides an excellent and low ratio of 1:175 sq ft. Full Open A1 (including food) planning consent (now Class E) with no further restrictions or limitations on floorspace sub-division or future unit sizes. Freehold site extending to c.2.21 acres.