Waitrose Supermarket and Car Park, St. John Street, Bromsgrove, B61 7JH
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£4,150,000
Aug 2022
Atlas Real Estate has successfully aqcuired a long income supermarket and car park investment in Bromsgrove town centre, on behalf of a private investor.
The supermarket extends to 9,009 sq. ft. over ground and first floors, and the adjoining car park is 86 spaces.
The supermarket is let to Waitrose Ltd and the car park to Bromsgrove District Council. Both leases expire in March and April 2032 respectively, with 5 yearly reviews to compounded CPI collared at 1% and capped at 3% per annum. The total income is £210,064 per annum.
The property was aqcuired for £4,150,000 reflecting a net initial yield of 4.75%.
Mark Atkins Associates acted for the vendor.
