The Hydra Portfolio

Sold

Price £10,940,000

Rent (pa) £601,044

Yield 5.15%

Investment Summary

3 x prime petrol filling station and convenience store investments
Established locations occupying strategic locations with direct access to key arterial routes and motorways
Strong trading history with majority of the income derived from supermarket element
Fully refurbished to Co-op’s latest ‘blue’ trading format
20 years term certain without break from completion of the sale
Let to Co-operative Group Limited on FRI terms
Total annual rent of £601,044 per annum
5 yearly fixed uplifts to 2.5% per annum (annually compounded)
All properties held Freehold
Offers in excess of £10,940,000 (STC)
5.15% NIY
5.83% Reversionary Yield (Year 5)
6.59% Reversionary Yield (Year 10)
7.46% Reversionary Yield (Year 15)