Co-op/Bargain Buys, Middleton St, South West and Wales, Llandrindod Wells, Wales LD1 5YG

Llandrindod Wells, LD1 5YG

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Acquired
Co-op/Bargain Buys, Middleton St, South West and Wales, Llandrindod Wells, Wales LD1 5YG
Price £3,500,000
Rent (pa) £314,294
Yield 8.43%

Investment Summary

  • Long income Co-op supermarket investment
  • 16,232sq ft former supermarket on a site of 1.04 acres
  • Centrally located adjacent to the town railway station
  • Let to Co-op Foodstores Limited on assingment for a term of 25 years with effect from 21st June 2006, expiring 20th June 2031 (c. 10.9 years unexpired)
  • Sublet to Poundstretcher Limited (CAT A store in recent CVA)
  • Passing rent of £314,294 pa
  • Acquired for £3,500,000
  • Net Initial Yield of 8.43%
  • Capital value of £215 psf
Town Llandrindod Wells
Postcode LD1 5YG
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