SOLD_Horley, Sainsbutys-01

Status: Sold

Terms: Sold

Price: £4,500,000

Yield: 4.76%

Sainsbury's Forecourt Convenience, 21 Bonehurst Road, Horley RH6 8PJ

  • Strong location fronting a main arterial route in close proximity to the national motorway network and London Gatwick Airport
  • Modern purpose built forecourt convenience asset with dedicated parking
  • Let to Sainsbury’s Supermarkets Limited (D&B 5A1) with a current net worth in excess of £4.35bn
  • Sustainable passing rent of £228,180 per annum
  • The convenience store extends to 4,498 sq ft (418 sq m)
  • 14.5 years unexpired
  • 5 yearly reviews to RPI, collared and capped at 2% & 4% per annum
  • Potential asset management options to maximise surplus land
  • Freehold

We are instructed to seek offers in excess of £4,500,000 (Four Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 4.76%, assuming purchaser’s costs of 6.57%.

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