Property overview

We are instructed to market the above prime securely let supermarket development funding opportunity.  Summary information is set out below:

• Forward funding of a prime supermarket investment.
• Located in the affluent Nottingham suburb of Edwalton, to the south of Nottingham and situated at the junction of A52 and A606.
• The property forms part of a high quality mixed use development with neighbouring occupiers including Porsche, Aldi, McDonalds, Costa, Greggs, Subway, Pets Corner, Anchor and Notcutts Garden Centre.
• The immediate surrounding area has seen significant new residential development with over 1,500 homes delivered along with new primary school.
• The property will comprise a detached new build single storey supermarket extending to 400.41 sq.m (4,310 sq.ft) with 26 car parking spaces.
• Agreement for lease completed to Sainsbury’s Supermarkets Ltd 
• Lease term 15 years (without break)
• Lease subject to five yearly upward only reviews to CPI collared at 1.0% and capped at 4.0% per annum compounded
• Rent £130,000 per annum (£30.16 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 May 2026

We are instructed to seek offers for the forward funding of the investment in excess of £2,263,000.  This reflects a net initial yield 5.60%, assuming costs of purchase on the site of 4.25%