Co-Op, West Kingsdown

Sevenoaks, TN15 6HD

Sold
Co-Op, West Kingsdown
Price £1,935,000
Rent (pa) £108,000
Yield 5.25%

Investment Summary

  • Prominent convenience store in desirable commuter town of West Kingsdown, Sevenoaks.
  • West Kingsdown is an affluent village approximately 5 miles northeast of Sevenoaks, 10 miles northwest of Aylesford and 20 miles southeast of Central London.
  • Located adjacent to an established retail parade to the north of the town off the A20 London Road.
  • Relocation from long standing occupation within adjacent retail parade due to over-trading.
  • New build convenience store with car park providing spaces for 5 vehicles.
  • Well configured two storey convenience store providing 4,865 sq ft (2,906 sq ft – GF sales floor area).
  • Let to Co-Op Group Food Limited (net assets - £1.96bn).
  • New FRI lease for a term of 15 years from 8th August 2023.
  • Initial rent of £108,000 per annum (£22.20 psf).
  • Rent to be reviewed 5 yearly upwards only in line with CPI annually compounded (1-3% cap and collared).
  • Freehold.
Town Sevenoaks
Postcode TN15 6HD
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