Property overview

Sainsbury’s, Arnold’s Way, Yatton, North Somerset, BS49 4AR

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Nov 2023

Please find below details of this prime supermarket development funding opportunity we have been instructed to market:

  • Forward funding of a prime supermarket investment
  • Located immediately to the northwest of Yatton centre and adjacent to new 380 home residential development
  • A new build supermarket extending to 1,407.28 sq.m (15,148 sq.ft) pre-let to Sainsbury’s Supermarkets Ltd
  • Lease term 20 years (without break)
  • Lease subject to five yearly upward only reviews to CPI collared at 1% and capped at 3.5% per annum compounded
  • Rent £342,799 per annum (£22.63 per sq.ft)
  • Excellent covenant with a Dun & Bradstreet rating of 5A1
  • Site has been granted detailed planning consent for the proposed development
  • Practical completion Q4 2024

We are instructed to seek offers in excess of £6,125,000 subject to contract and exclusive of VAT. The purchase price would equate to a Net Initial Yield of 5.25%,  assuming standard purchaser’s costs of 6.63%.