Aldi, West Carr Lane, Hull HU7 0AF

Hull, HU7 0AF

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Sold
Aldi, West Carr Lane, Hull HU7 0AF
Price £3,865,000
Rent (pa) £216,117
Yield 5.25%

Investment Summary

  • Prime long dated supermarket investment
  • Modern supermarket extending to a total gross internal area of 15,339 sq ft with 83 car parking spaces (1: 184 sq ft)
  • Large site of 1.4 acres
  • Let to Aldi Stores Limited
  • 15 years with effect from 20 March 2015, expiring 19 March 2030 (9.2 years unexpired)
  • Low current rent of £216,117 per annum (£14 psf)
  • 5 yearly RPI reviews (1-3% collar and cap) with next due 20 March 2025
  • Open A1 planning permission
  • Freehold
  • The unit has excellent trading performance
  • Pandemic resistant income with tenant trading through Lockdown
  • Offers in excess of £3,865,000
  • 5.25% Net Initial Yield
  • Estimated Reversionary Yield of 6.04%
Town Hull
Postcode HU7 0AF
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