• Freehold

• Located on busy high street pitch with rear car park providing 17 spaces

• Purpose built, commercial unit comprising a supermarket at ground floor and a gym at ground and first floor level totalling 30,855 sq ft

• The foodstore is let to Asda Stores Ltd at a current passing rent of £249,088 per annum for a period of 25 years (without break) until 12.04.2040

• The lease is subject to 5 yearly, RPI linked reviews with a collar and cap of 1% and 3.5% compounded annually

• The leisure space at ground and first floor is let to The Gym Ltd at a current passing rent of £287,103 per annum for a period of 15 years (without break) until 12.04.2030

• Total passing rent of £536,191 per annum

• The WAULT is 8.76 years with a term certain of 14 years to Asda

Vendors are seeking offers in excess of £7,175,000 subject to contract and exclusive of VAT. After allowing for purchaser’s costs of 6.80%, this would reflect:

Blended net initial yield: 7.00% | Capital value: £232 psf | Reversionary yield: 7.52% in April 2030*

*Assuming a RPI increase of 3% at review for the Asda and that the passing rent of the gym element remains the same