Fenton Road, Greasborough, South Yorkshire S61 4RD

Available

Price £1,965,000

Rent (pa) £141,005

Yield 6.76%

Investment Summary

Foodstore anchored retail parade in Greasbrough, South Yorkshire
Greasbrough is a popular residential suburb situated approximately 2 miles north of Rotherham town centre and around 6 miles northeast of Sheffield
Situated on the southern side of Fenton Road within the heart of Greasbrough
The property comprises an established retail parade of 5 units across the ground floor
The scheme is anchored by a convenience store which will be let to the Co-Operative Group Food Limited for a term of 15 years
Initial rent of £100,000 per annum to be reviewed five yearly in line with CPI annually compounded(1-3% cap and collar)
70% of the income secured against Co-Operative Group Food Limited
Additional income of £41,005 per annum from the adjacent occupiers
Total rental income of £141,005 per annum
AWULT of 13.08 years to expiries (11.17 years to breaks)
Freehold
Offers in excess of £1,965,000 (STC)
Net initial yield of 6.76%
Est eversionary yield of 8.19% (2031) and 9.08% (2036)
Capital value of £124 psf.