Attractive town centre retail investment comprising a large supermarket.
□ Situated in the attractive market town of Spalding adjacent to the Railway Station and a large car park.
□ The foodstore units comprise a total of 1,174.2 sq m (12,639 sq ft) of well configured floor space.
□ Let to LIDL UK GMBH Limited for a term of 25 years from 3rd November 2000 (6.5 years unexpired).
□ Total current rent of £130,700 per annum.
□ Rent passing at £10.34 psf.
□ Open market rent review in November 2020.
□ Virtual Freehold.
□ Offers sought in excess of £1,640,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.51%, assuming purchaser’s costs of 6.16%.