LOT 17 - Liskeard Commercial Auction - 21st July 2020 Freehold Supermarket Investment The Co-Operative, Barras Street, Liskeard, Cornwall, PL14 6AD LOT 17 - Liskeard Freehold Supermarket Investment The Co-Operative, Barras Street, Liskeard, Cornwall, PL14 6AD GUIDE PRICE * £2.332M+ Gross Initial Yield 6.38% Commercial - 21st July 2020 Online Auction - Bidding will open at 11am Key Features Location • Let to Co-operative Group Limited Liskeard is a busy Cornish market town situated midway between Bodmin and Plymouth • Lease expires 2035 (No Breaks) with tenant option to renew for an additional 25 years The town is situated at the junction of the A38 (one of the main trunk roads through • Annual RPI linked Rent Reviews (2% & 4% collar and cap) Cornwall) and the A310 • Comprising 1,001.7 sqm (10,782 sq ft) The property is situated on the west side of Barras Street, between Dean Street (B3254) and Barras Place • Prominent High Street position with dual access to a large public car park Liskeard Railway Station is a 10min walk away and provides direct services to both • VATis applicable Plymouth and Penzance • Six Week Completion Available Occupiers close by include Santander, HSBC, Lloyds and Barclays Banks, Domino's Pizza and the Post Office Current Rent Reserved £148,869 p.a. VAT - VATis applicable to this lot. By Order of a Major UK Fund Manager Allsop Sellers Solicitor Philip Parsons. George Williams. Tenure Tel: 07887 898305 CMS Cameron McKenna Nabarro Olswang Email:
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[email protected] Lot 17, Commercial Auction - 21st July 2020 Date Printed: 07/07/2020 | Page 2 of 9 Schedule Present Lessee Accommodation Approx GIA Lease Details Current Rent (PA) Next Review / Reversion Co-operative Group Limited (1) Ground and First Floors 1,001.7 sq m 10,782 sq ft 25 years and 7 months from 07.09.2009 £148,869 (2) p.a.