Co-op Food, Bye-Pass Road, Bolton-le-Sands, Lancashire LA5 8JA

Carnforth, LA5 8JA

Back to Track Record
Sold
Co-op Food, Bye-Pass Road, Bolton-le-Sands, Lancashire LA5 8JA
Price £1,325,000
Rent (pa) £70,000
Yield 5%

Investment Summary

  • New build Co-operative foodstore
  • Situated in a densely populated residential area
  • Excellent frontage on to Bye-Pass Road (A6)
  • In close proximity to Bolton-le-Sands CofE Primary school, Pre-school and Community Centre
  • 4,244 sq ft Gross Internal Area on a site of 0.6 acres
  • Let to the Co-operative Group Food Limited
  • Covenant is rated by D&B as 5A1 and has an Experian Delphi Rating 100 (Low Risk)
  • Straight 15-year FRI lease from lease completion, expected November 2020
  • £70,000 per annum (£16.50 psf)
  • 5 yearly upward only rent reviews linked to CPI (collared and cap – 1% – 3%)
  • Freehold
  • Offers in excess of £1,325,000 (STC)
  • Attractive Net Initial Yield of 5.00%
Town Carnforth
Postcode LA5 8JA
Get Directions

Interested in this property?

Contact our team for more information or speak directly with Daniel Campbell.

Contact Us

Similar Properties