Investment---Aldi,-Bury-St-Edmunds_sold

Status: Sold

Terms: Freehold

Price: £4,100,000

Yield: 5.9%

Aldi, Newmarket Road, Bury St Edmunds IP33 3TS

  • Bury St Edmunds is an affluent historic market town and important regional centre in Suffolk
  • Prominent foodstore forward commitment to purchase opportunity
  • New store comprising 1,425 sq m (15,338 sq ft) with 83 car parking spaces (1:185 sq ft)
  • Pre-let to Aldi Stores Limited (5A1) with a Net Worth in excess of £1.3 billion
  • New full repairing and insuring lease from practical completion for a term of 20 years subject to a tenant’s option to determine in Year 15 and a tenant’s option to renew the lease on the same terms for a further 20 years
    Initial passing rent of £250,000 per annum (subject to measurement on PC) equating to a low rent of £16.30 per sq ft (based on the target GIA)
  • 5 yearly upward only rent reviews linked to the Retail Price Index (RPI), capped and collared at 3% and 1% compounded annually
  • Freehold
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