Co-operative Food, 163 Wych Lane, Bridgemary, Gosport, Portsmouth PO13 0NW

Gosport, PO13 0NW

Back to Track Record
Sold
Co-operative Food, 163 Wych Lane, Bridgemary, Gosport, Portsmouth PO13 0NW
Price £795,000
Rent (pa) £61,000
Yield 7.27%

Investment Summary

  • Secure convenience store investment opportunity
  • Well-presented, recently refurbished and re-fit
  • 3,003 sq ft ground floor supermarket with 1,514 sq ft flat above
  • Freehold
  • Let to Southern Co-operative Retailers Limited
  • 15 years with effect from 2 August 2010, expiring 1 August 2025
  • Current rent of £61,000 per annum (£18 psf)
  • Reversionary lease to sub-tenant, Badrunisa Limited (Premier) from 2 August 2025 until 1 August 2038
  • Effective 18.1 years unexpired
  • 5 yearly uncapped RPI reviews
  • Offers in excess of £795,000 (STC)
  • Representing a Net Initial Yield of 7.27%
Town Gosport
Postcode PO13 0NW
Get Directions

Interested in this property?

Contact our team for more information or speak directly with Mark Powell.

Contact Us

Similar Properties