Sainsbury's Local, 19a Market Street & 2 Alderley Road, Hoylake, Wirral CH47 2BG
Wirral, CH47 2BG
Acquired
Price
-
Rent (pa)
£104,000
Yield
-
Investment Summary
- Long income convenience store investment
- Located in Hoylake, an affluent town on the north west corner of the Wirral Peninsula.
- Ground floor supermarket providing a total floor area of 5,875 sq ft
- Upper floors provide no. 2 x 2 bedroom apartments and a total floor area of 1,570 sq ft
- Let to Sainsburys Supermarkets Ltd
- New 15 year lease FRI lease at £90,500 per annum.
- 5 yearly upward only rent reviews
- Sainsbury's have been in occupation since 2006 having recently renewed their previous lease, thus demonstrating their commitment to the property.
- The two x 2 bedroom flats on the first floor are each let on AST’s.
- Total passing rent of £104,000 pa.
- Long Leasehold
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