Investment Opportunity – Retail Unit – Peterborough

• Prominent drive thru location in the heart of a thriving retail and leisure destination in Peterborough.
• Let to Krispy Kreme UK Limited for an unexpired term of 10 years (5 years to break).
• 5 yearly upwards only rent reviews to higher of market rent and CPI 1% and 3% – next review April 2026.
• The passing rent is currently £164,858.72 per annum, and it is anticipated this will rise to circa £190,000 per annum from April 2026. The vendor will top up the rent.
• Strong trading performance and area distribution site.
• Surrounding occupiers include Premier Inn, McDonalds, KFC, Toby Carvery and Vivacity Premier Fitness, Tesco and Lidl (under development).
• Site area of 0.93 acres.
• Freehold.
• Offers are sought in excess of £2,381,000 (Two Million, Three Hundred and Eighty One Thousand Pounds) subject to contract and exclusive of VAT. Based on the topped up rent, a purchase at this level would reflect a NIY of 7.5%, assuming purchaser’s costs of 6.4%.

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