Sainsbury’s Local, Kenilworth Road, Balsall Common, CV7 7EU
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£3,350,000
Oct 2023
Please find enclosed details of a prime petrol filling station and convenience store investment opportunity we have been instructed to market. The salient details are:
- Highly prominent and strong trading petrol filling station and convenience store
- Major arterial route
- Let to Sainsbury’s Supermarkets Limited until 18th November 2033 (break 18th November 2028)
- Rent £231,770 per annum (topped up to November 2023 rent review)
- 5 yearly rent reviews to compounded RPI (collar of 2% and cap of 4%)
Offers sought in excess of £3,350,000 subject to contract and exclusive of VAT. A purchase at this price would equate to a Net Initial Yield of 6.50%, assuming standard purchaser’s costs of 6.50%.
