Long Income Supermarket Ground Rent Investment

The property comprises a purpose-built superstore along with a parade of retail units and accompanying surface and multi-storey car parks. Asda superstore providing 73,230 sq ft (6,803.3 sq m) of supermarket retail accommodation, small unit retail parade (sub-let) and car parking for up to 530 cars. Located in Shipley town centre, 3.5 miles to the north of Bradford city centre. The superstore forms an integral part of Shipley town centre. Bradford is the 5th largest city in England with a population of 546,412. The store has a catchment of over 1 million customers within a 30-minute drive of the property. The entire store is let to Asda Stores Limited for the term of 125 years from 24 July 1988, thereby providing an unexpired term of 89 years. The rent is geared to 1/5th of the full rack-rental value of the property, subject to 5 yearly upward only reviews. The current passing rent is £252,275 per annum.