M&S Simply Food 40A Whiteladies Road, Clifton Bristol

• Located in Clifton, an affluent suburb in Bristol.

• Total GIA of 4,874 sq ft (453 sq m)

• 999 year lease at a peppercorn.

• Let in it’s entirety to Mark & Spencer PLC for a term certain to break of 12 years and 17 years to expiry.

• RPI linked rent reviews collared and capped at 1% - 4% with the next review in March 2024.

• Current passing rent of £125,000 per annum equating to £25.65 per sq ft.

• Reversionary rent of £151,778 pa in March 2024, assuming RPI remains above 4%.

• Seeking offers in excess of £2,240,000, subject to contract. After allowing for blended purchaser’s costs of 6.35% and assuming RPI remains above 4%, this would reflect a Net Initial Yield of 5.25% and Reversionary Yield of 6.37 in March 2024.