Project Forest

Sold

Price £12,000,000

Rent (pa) £624,000

Yield 4.87%

Investment Summary

A portfolio of 6 Long Income Co-op sale and leasebacks
5 Convenience Stores and 1 Petrol Filling Station
Let to the undoubted 5A1 covenant of Co-operative Group Food Limited
New 15 year FRI leases (with 20 years on the PFS)
5 Yearly CPI linked reviews collared and capped at 1%-3%
All strong trading stores in York, Kent, Devon, Cambridgeshire, Shropshire and Flintshire
Total annual rental income of £624,000
Offers in excess of £12,000,000
NIY of 4.87%
Reversionary to 5.65% in 5th year assuming 3% CPI