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 on the edge of Bromsgrove town centre
• Prominently located on Whitford Road, Bromsgrove, forming part of a new 490 home development
• The immediate surrounding area has seen significant new residential development with a further 1,300 homes planned to the north at Perryfields
• The property will comprise a detached new build single storey supermarket extending to 372.07 sq.m (4,005 sq.ft) with 10 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% and capped at 3% per annum compounded
• Rent £125,000 per annum (£31.21 per sq.ft)
• Excellent covenant with a Dun & Bradstreet rating of 5A1 and an Experian rating of 100
• Site has been granted detailed planning consent for the proposed development
• Practical completion November 2026

We are instructed to seek offers in excess of £2,175,000 subject to contract and exclusive of VAT. The purchase price would equate to a Net Initial Yield of 5.60%,  assuming standard purchaser’s costs of 4.45%.