The Co-Operative, 17 Martin Hardie Way, Tonbridge, Kent TN10 4AE

Tonbridge, TN10 4AE

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The Co-Operative, 17 Martin Hardie Way, Tonbridge, Kent TN10 4AE
Price £1,040,000
Rent (pa) £55,000
Yield 5%

Investment Summary

  • Secure convenience store investment opportunity
  • Located in an affluent town in Kent within a densely populated residential area
  • The Co-op undertook extension and improvement works to the building as a result of the store overtrading
  • Provides a total of 3,324 sq. ft
  • Let to the un-doubted covenant of Co-operative Group Food Limited (D&B 5A1)
  • 15-year FRI lease without break from 28th November 2019, expiring 27th November 2034 (c. 11.9 years unexpired)
  • Exceptionally low rent of £55,000 per annum (£16.55 psf)
  • 5 yearly upward only CPI reviews (1-3% collar and cap)
Town Tonbridge
Postcode TN10 4AE
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