Sainsbury’s, Arnold’s Way, Yatton, North Somerset, BS49 4AR
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£6,125,000
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%.
