INVESTMENT OPPORTUNITY The Co-operative MainFOR Road, Ryton, NE40 SALE 3RA
Modern Purpose Built Retail Warehouse Investment – Significant Asset Management Opportunities INVESTMENT SUMMARY
• Modern purpose built foodstore totalling 2,162.1 sq m • Let on a 35 year lease from 29 September 1984 expiring (23,273 sq ft) occupying a prominent frontage onto on 28 September 2019 (c. 2.5 years unexpired) Main Road with an extensive rear yard and car parking • Passing rent of £270,000 per annum (£11.60 per sq ft) • Single let to Co-operative Foodstores Limited with • Strong asset management opportunities including surety provided by Co-operative Group Limited, reletting, reconfiguration and subdivision potential a 5A1 covenant subject to planning • Dominant convenience food offering in a densely • Offers in excess of £3,498,000 which reflect a Net Initial populated area and established commuter location Yield of 7.25% after standard purchaser’s costs of 6.50% YT Location Morpeth