Bingham Road, Cotgrave
Size
8,762
Tenure
Freehold
EPC
Ask agent
Parking
26
- Primary use
- Convenience store
- Other use(s)
- Mixed use
- Frontage
- Ask agent
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Well connected
Key features
- Prime convenience store investment
- New 15 year lease
- 5 yearly CPI linked rent reviews
- Low convenience store rent reflecting £10 psf
- x3 flats let on APTs
Description
• Majority let to Sainsbury’s Supermarkets Limited.
• Freehold.
• Foodstore extends to 8,762 sq ft.
• New 15 year Full Repairing and Insuring lease, with no break option.
• Foodstore rent of £87,620 pa, reflecting a low £10.00 psf.
• 5 yearly CPI-linked rent reviews, collared and capped at 1% and 3% per annum.
• Additional income from 3 residential units, producing £25,860 per annum.
• Total Passing Rent of £113,480 pa.
We are instructed to seek offers in excess of £1,777,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.25%, on the Sainsbury’s unit, with £375,000 attributed to the three residential units.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 2
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
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- Environmental description
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Brochure
Bingham Road, Cotgrave
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Disclaimer - Property reference SainsburysLocalCotgrave. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank, Capitals Markets. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.