Prime Long Income Foodstore investment (52 years)

Prime Long Income Foodstore investment with an unexpired lease term of 51.80 years. Prestwick is a busy town in South Ayrshire on the west coast of Scotland. Catchment population of 244,000 within 25-minute drivetime. Purpose built supermarket of 17,728 sq ft. Large site of approx. 1 acre with a low site cover of 40%. Tenant in occupation of additional car park at north of site of 0.2 acres (separate from the sale). Parking for approximately 52 vehicles providing a parking ratio of 1:340 sq ft. Let to Rochpion Properties (4) LLP on assignment from Safeway Stores Limited. Guaranteed by Co-Operative Food Group Limited. Fully repairing insuring lease for a term of 99 years wef 31st January 1977, expiring 30th January 2076 (51.80 years unexpired). Current passing rent of £202,100 per annum (£11.40 psf). Rent reviewed five yearly to OMRV. Next rent review in January 2027. Sub-let to Aldi Stores Limited until 3rd February 2028 at the current passing rent. Heritable Interest (Scottish equivalent of English freehold).