Co-Op Food, Pembroke House, 150 Frimley Road, Camberley, Surrey GU16 2QN

Camberley, GU15 2QN

Sold

Price £1,536,000

Rent (pa) £81,480

Yield 5%

Investment Summary

Long income new build convenience store investment
Prime location in desirable Surrey commuter town on the county borders of Berkshire and Hampshire
New build store on the ground floor of popular residential scheme
Total area of 4,074 sq ft and includes 10 car parking spaces
Let to the undoubted, 5A1 covenant of Co-operative Group Food Limited for a term of 15 years without break on FRI terms
Low initial rent of £81,480 per annum (£20.37 psf) which is subject to 5 yearly reviews linked to CPI (collared and capped at 1%-3%)
Poor local provision of convenience retail and upper residential flats provide a strong trading environment for the Co-op
Available by way of a 150 year long leasehold interest at a peppercorn rent
Offers in excess of £1,536,000 (STC)
5.00% Net Initial Yield
Reversionary Yield of 5.80% (2026) and 6.72% (2031)* assuming 3% annual growth in CPI