Sainsbury’s & Costa Coffee Drive Thu, Copcut Business Park, Copcut Rise, Droitwich Spa, WR9 7LT
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Forward funding of a prime supermarket and drive thru investment. Located immediately to the south-west of Droitwich Spa town centre adjacent to A38 and at the entrance to a new 740 unit housing development. A new build supermarket extending to 4,500 sq.ft pre-let to Sainsbury’s Supermarkets Ltd and adjoining coffee drive thru unit extending to 1,800 sq.ft pre-let to Costa Ltd. Lease terms both 15 years, without break. Both leases subject to 5 yearly upward only reviews to CPI collared at 1% and capped at 3% per annum compounded. Total income £228,000 per annum. Site has been granted detailed planning consent. Practical completion Q4 2024. Offers sought for the forward funding in excess of £3,900,000 which reflects a net initial yield of 5.50%. Forward commitment will be considered.
