top of page

UNDER OFFER

New build Co-op Investment for sale | 15 year unbroken term | Index linked rent reviews

Price:

£1,450,000 (5.20% NIY)

3,843 sq ft

Investment Summary


  • Prominently situated in the commercial centre of Crawcrook Gateshead

  • Relocation from existing store which has been in operation 30+ years.

  • Limited convenience store competition in Crawcrook

  • Newly developed unit (estimated completion in June 2024) extending to 357.03 sq m (3,843 sq ft)

  • Securely let entirely to a national covenant in The Co-operative Group Food Ltd

  • Turnover in excess of £8 billion & Dun & Bradstreet Rating of 5A1

  • 5 yearly, CPI linked rent reviews (collar and cap of 1% & 3% respectively)

  • Term certain of 15 years without breaks

  • Initial rent of £80,000 per annum

  • Reversionary rent of £92,742 per annum from year 5 based on anticipated compound uplift


Seeking offers in excess of £1.45m reflecting a NIY of 5.20% and a reversionary yield of 6.03%, assuming standard purchasers costs.

Property Details

Location Details

Crawcrook, Gateshead

Sector

Retail

Property PDF

Download our property listing brochure for full details of this listing.

MAKE AN ENQUIRY

An outstanding opportunity

Our property listing brochure contains full details of this listing. Prefer to chat to us about the property? Send us an email or give us a call.

Share this listing

  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
Property Details

Speak to us about this property in more detail.

Or access the PDF Brochure and mailing list.

bottom of page