The Co-operative, 220 Spring Road, Itchen, Southampton SO19 2NT

Southampton, SO19 2NT

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The Co-operative, 220 Spring Road, Itchen, Southampton SO19 2NT
Price £1,520,000
Rent (pa) £88,000
Yield 5.46%

Investment Summary

  • Secure convenience store investment opportunity
  • Prominent corner location in a residential suburb of Southampton
  • Newly built and well-presented property fit out in the Co-op’s latest format
  • Provides a total of 4,250 sq ft
  • Sale and leaseback to undoubted covenant of Co-operative Group Food Limited
  • 15 year FRI lease without break from completion of sale
  • Initial rent of £88,000 per annum (£20.71 psf)
  • 5 yearly upward only CPI reviews (1-3% collar and cap)
  • £1,520,000
  • Net Initial Yield of 5.46%
Town Southampton
Postcode SO19 2NT
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