1. Realla
  2. Shops, retail for sale
  3. Spalding
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Shops, retail units for sale in Spalding

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1 shop, retail unit

  1. Lidl and B&M, 12-18 Winsover Road, Spalding, PE11 1EJ

    Retail for sale

    £3,450,000

    2.25 acres

    • Car park
    • Modern
    • Office space
    • Open plan
    • Train transport

    Attractive  town centre retail investment comprising two large supermarkets with offices above.
    □ Situated in the attractive market town of Spalding adjacent to the Railway Station.
    □ Let to the excellent covenants of LIDL UK GMBH (6.6 years to expiry) and B & M Retail Limited (2.25 years to expiry).
    □ The foodstore units comprise a total of 2,800 sq m (30,139 sq ft) of well configured floor space.
    □ No breaks.
    □ Total current rent of £274,152 per annum.
    □ Open market rent review on the Lidl in November 2020.
    □ Car Parking for approximately 150 cars.
    □ Freehold.
    □ Site Area: 2.25 Acres (0.91 Hectares).
    □ Asset management opportunities include letting the vacant office space, regearing the existing leases, developing the site in the medium to long term or separating and selling the units individually.
    □ Offers are sought in excess of £3,450,000 (Three Million, Four Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.5%, and a low capital value of £106psf after allowing for purchaser’s costs of 6.50%.

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