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Freehold Foodstore Investment with RPI Linked Reviews

Taunton, United KingdomUnlock address

75%

£17.000.000

Retail

#34798

Core+

9 Jul 2024

Property Details

Broker

For sale

50,159 sq.ft.

4,660 m²

Leasable area

338.92 £/sq.ft.

3,648 £/m²

7.23 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

The subject property comprises a purpose built, highly prominent 50,159 sq ft foodstore situated in the centre of Taunton, the county town of Somerset. The property is let to Sainsbury's Supermarkets Ltd until September 2032 at a rent of £1,311,348.75 per annum (reflecting £26.14 psf), with 5 yearly RPI linked rent reviews (C&C, 1% & 4%).