Co-op Food, Ampress Park, Southampton Road, Lymington, Hampshire SO41 8XN

Lymington, SO41 8XN

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Acquired
Co-op Food, Ampress Park, Southampton Road, Lymington, Hampshire SO41 8XN
Price £4,550,000
Rent (pa) £255,000
Yield 4.87%

Investment Summary

  • Modern long income petrol filling station investment
  • Developed in 2003 and comprehensively refurbished and re-branded in 2016
  • Large site of 1.26 acres with 3,909 sq ft convenience store
  • Let to Co-operative Group Food Limited on assignment from Somerfield Stores Limited lease
  • FRI lease for a term of 25 years commencing 5th September 2003, expiring 4th September 2028 (c.7.6 years unexpired)
  • The current rent of £255,000 per annum is subject to final review in 2023 upwards only to OMRV basis
  • Purchase price of £4,550,000, exclusive of VAT
  • Net Initial Yield of 4.87%
Town Lymington
Postcode SO41 8XN
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