Located within a densely populated suburb north of Sheffield
Local shopping parade anchored by Co-op Food providing the primary convenience offering for the village and surrounding areas
Comprising of 9 unit shops, a convenience store, 4 residential units and 5 garages on a large site of 1.12 acres with car parking
Total gross internal area of 13,509 sq ft (1,255 sq m)
Co-operative Group Food Limited will take a new 15-year full repairing and insuring lease without breaks from completion of sale, thereby comprising 29% of total income
Co-operative lease includes 5 yearly rent reviews in line with CPI (collared and capped at 1%-3%)
Remaining retail units let on FRI terms and upper floor residential on AST’s
Total WAULT to expiry of 8.07 years (excluding ground rent element)
Total rental income of £153,590 per annum
Freehold
Offers in excess of £1,650,000 per annum (STC)
Representing a Net Initial Yield of 8.77%
Estimated reversionary yield of 9.18% at the 5th anniversary
