Co-Op PFS, Retford Service Station

Retford, DN22 7XQ

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Co-Op PFS, Retford Service Station
Price £5,200,000
Rent (pa) £290,250
Yield 5.24%

Investment Summary

  • Prime petrol filling station and convenience supermarket and roadside drive to investment
  • Excellent location on A638 North Road, the northern arterial route, serving as the primary destination for food and fuel for the north west of Retford
  • Situated in a largely residential area, nearby to local schools and Retford Hospital
  • Completely new build petrol forecourt and tanking system. Co-op upgraded to 'blue fit out' specification
  • Freehold site of 0.42 acres (0.17 hectares)
  • Supermarket element extending to 4,250 sq ft with 3 additional retail units of varying sizes
  • Car park providing 14 customer bays (including 1 accessible bays), 3 staff bays
  • Supermarket let to Co-operative Group Food Limited (80% of the income) for 20 years.
  • 5 yearly upward only reviews to CPI – (1-3% collar and cap)
  • Agreement for lease signed by Greggs PLC for a 10-year lease term with a break clause on the fifth anniversary
  • Complimentary retail units developed to include a carpet retailer and a landlord guarantee on the vacant unit.
  • Total topped up rent of £290,250 per annum
Town Retford
Postcode DN22 7XQ
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