Sainsbury’s, Whitford Road, Bromsgrove, B61 7ED
Under Offer
Atlas Real Estate has recently exchanged contracts with a private high net worth investor on the forward funding of a new Sainsbury’s convenience store on behalf of Hinton Group.
Construction on the development has commenced with practical completion expected in Q1 2027.
The property is prominently located on Whitford Road, Bromsgrove, forming part of a new 490 home development.
The property comprises a detached new build single storey supermarket extending to 372.07 sq.m (4,005 sq.ft) with 10 car parking spaces. The property is pre-let to Sainsbury’s Supermarkets Ltd on a 15 year lease, without break, from practical completion. The commencing rent is £115,000 per annum. The lease is subject to 5 yearly upward only reviews to CPI collared at 1% and capped at 3% per annum compounded.
The development funding sold for £1,970,000 which reflected a net initial yield of 5.68%.
