The Co-operative PFS, Bradfield Road, Coppenhall, Crewe, Cheshire CW1 3RD

Crewe, CW1 3RD

Back to Track Record
Sold
The Co-operative PFS, Bradfield Road, Coppenhall, Crewe, Cheshire CW1 3RD
Price £2,585,000
Rent (pa) £137,500
Yield 5%

Investment Summary

  • Long income Co-operative PFS investment
  • Suburban location with wide catchment
  • Closest convenience store to Leighton Hospital (4,500 staff and 700 beds)
  • Existing store recently extended and remodelled to provide modern accommodation extending to 4,250 sq ft
  • Large site of 0.47 acres
  • 20-year FRI lease from completion to the undoubted 5A1 covenant of Co-operative Group Food Limited
  • Minimum initial rent of £137,500 per annum (£32.35 psf)
  • 5 yearly CPI reviews (collar & cap at 1 and 3%)
  • Offers in excess of £2,585,000 (STC)
  • Providing a Net Initial Yield of 5.00% NIY
  • Expected reversionary yields of 5.80%, 6.72% and 7.79% in 2025, 2030 and 2035 respectively
Town Crewe
Postcode CW1 3RD
Get Directions

Interested in this property?

Contact our team for more information or speak directly with Mark Powell.

Contact Us

Similar Properties