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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