Aldi, 64 Nottingham Road, Bingham, NG13 8AW
Size
18,317
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- Freehold ground rent investment
- Let to Aldi Stores Limited
- Long unexpired lease term until August 2140
- 5-Yearly upward-only rent reviews, indexed to RPI
- Current rent of £87,605 per annum (exclusive)
- Modern purpose-built supermarket with car parking
- EPC rating: A
- £1,436,000 , subject to contract, representing a NIY of 5.75%, net of acquisition costs of 5.77%
Description
This purpose‑built Aldi supermarket offers approximately 18,317 sq ft (1,701.70 sq m) of efficient trading space on a well‑configured 0.93 acre (0.38 hectare) site, complemented by a 30 space customer car park.
Constructed to Aldi’s modern specification
Location
The property occupies a prominent position on Nottingham Road, a principal route through Bingham, at its junction with Harvest Close.
The store is situated within a predominantly residential catchment, some 4,408 households.
The site benefits from good visibility, ease of access and dedicated on-site parking.
The neighbouring overflow car park is in the ownership Aldi Stores Limited
Tenancy
The supermarket is let to Aldi Stores Limited on a 125 year lease from 7 August 2015, with 5 yearly RPI‑linked increases between 1% and 2.5% per annum compounded.
The lease provides for a Tenant Option to Determine on 7 August 2035 and every 5 year thereafter, subject to serving 12 months written notice. The lease contains a reinstatement provision.
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Aldi, 64 Nottingham Road, Bingham, NG13 8AW
About Savills National , Nottingham
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