Status: Sold

Terms: For Sale

Price: £30,400,000

Yield: 6.0%

  • Opportunity to acquire a portfolio of 14 high-quality Forecourt Convenience Stores underpinned by the Co-Operative Group
  • Prominently located on arterial roads across the country
  • Let to the excellent covenant of Somerfield Stores Limited, with a guarantee from the Co-operative Group Limited (D&B 5A1)
  • Approximately 13.7 years of unexpired income.
  • Producing a total passing rent of £1,930,243 per annum
  • The portfolio is held in an offshore vehicle and a sale of the JPUT will be considered
  • Offers are sought in excess of £30,400,000 (Thirty Million, Four Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 6% after allowing for normal purchaser’s costs of 5.8%
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