Sale of new build Co-op investment in Northumberland

We are delighted to confirm that in September 2023, Delta Capital Property Investment completed the sale of this attractive new build Co-op investment located in Rothbury, Northumberland.

Rothhury is a picturesque market town, situated in heart of Northumberland National Park. The town itself has a rich history and boasts many charming historic buildings. Rothbury is well-connected to the surrounding areas with easy access to major road networks, including the A1 and A69.

The property is located on Town Foot, the prime retail pitch running through Rothbury alongside other thriving national and independent retailers, including Boots, Lloyds bank, Greenwell, bakery, Rothbury fruit and veg among others. Rothbury also has a thriving tourist trade and is particularly popular with hikers and dog walkers, visiting the nearby historic buildings, or walking the mini forest and river routes.

The Property is entirely let to Co-operative Group Food Limited on a 15 year term certain at a rent of £126,324 per annum with 5 yearly RPI linked rent rent review, compounded annually, capped and collared at 3% and 1% respectively.

Following a swift and concise marketing effort, the property was put under offer to a cash purchaser at a price, reflecting a net initial yield of 4.96%.

If you would like to hear more information about this property investment or would like to speak to Delta Capital Property Investment about how they can help you acquire similar opportunities, please do not hesitate in contacting Daniel Capobasso.

Contact: Daniel Capobasso MRICS

Email: dc@deltacap.co.uk

Mob: 07968 618 948

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