Co-Operative Food, Hillsborough Road, Glen Parva, Leicester, LE2 9PTMake an enquiry
Atlas Real Estate, has successfully disposed of a long income convenience store investment in Leicester on behalf of Wulstan Capital.
The property is located to the south of Leicester city centre and is prominently, in the suburb of Glen Parva, just 3 miles from the city centre and 2 miles from the M1 motorway.
The property comprises a well configured supermarket covering 12,030 sq. ft. The property is let to the Co-Operative, for a further 14.7 years without breaks and subject to annual fixed rental increases of 2.25%. The current passing rent is £204,946 per annum.
The property was sold for £4,000,000 reflecting a net initial yield of 4.92% based off the topped up rent.
Metis Real Estate acted for the purchaser.