Prominent convenience store in affluent village of Redbourn, Hertfordshire
Redbourn is a picturesque village approximately 3 miles southwest of Harpenden, 4 miles north west of St Albans and 5 miles north east of Hemel Hempstead
Situated prominently on the busy High Street in the village centre
Very limited competition from other convenience store operators
The tenant has established itself as the dominant convenience offering in the village, upsizing to the property from a smaller unit nearby
Former public house with car park providing spaces for 5 vehicles
Well configured two storey convenience store providing 6,124 sq ft
Let to Co-Op Group Food Limited (net assets of £1.96bn)
FRI lease for a term expiring 5th July 2032 (8.31 years unexpired)
Current passing rent of £93,000 per annum (£15.18 psf)
Rent to be reviewed 5 yearly upwards only in line with CPI annually compounded (1-4% cap and collared)
Vendor to provide rental top up to £105,000 (£17.15 psf) per annum in line with minimum collar at 2025 rent review
