A new build neighbourhood convenience parade anchored by Co-operative Group Food in the historic market town of Newark-on-Trent.

3 units arranged over ground floor with a total area of approx. 7,000 sq ft GIA and 34 self-contained car parking spaces.

Prominently situated on the corner of Beacon Hill Road and Magdelene View in a densely populated neighbourhood.

The property is principally let to Co-operative Group Food Limited (unit 1) who account for 64% of the advertised total annual income. The unit is let on a 15 year lease with a lease commencement date of 23rd March 2019. Passing rent of £62,000 per annum with CPI rent reviews (collar of 1% and cap of 3%), compounded annually and payable 5 yearly.

Unit 2 is under offer to an A5 (hot-food takeaway) operator with terms agreed for a 10 year lease (break at year 5) paying £15,000 per annum.

Unit 3 is vacant and will be sold with a 12 month rent guarantee (£20,000 per annum).

Seeking offers in excess of £1,355,000 reflecting a NIY of 6.75% assuming purchasers costs of 6.03%.