Co-op Food, West Street, Hexham NE46 3BH

Hexham, NE46

Sold
Co-op Food, West Street, Hexham NE46 3BH
Price £1,300,000
Rent (pa) £69,800
Yield 5.07%

Investment Summary

  • Newly built/converted Co-op convenience store
  • Well located in market town of Hexham
  • Let to Co-operative Group Food Limited for a term of 20 years commencing 30/11/2016, expiring 18/10/2036 (c. 14 years unexpired)
  • Tenant option to break in the 15th anniversary
  • Passing rent of £69,800 subject to 5 yearly rent reviews linked to RPI (2%-4%)
  • Freehold
Town Hexham
Postcode NE46
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