A standalone convenience store totalling 4,776 sq ft with dedicated car parking, let to Co-Operative Group Food Limited

Centrally located fronting Hollow Lane, the main arterial road, in the historic village of Kingsley, Cheshire

Post a significant redevelopment and extension of the property in 2018 to create an open plan, modern convenience store, the Co-op and Post Office relocated, doubling in size from its existing store in the village

The Co-op is the primary convenience/foodstore in Kingsley and the wider locality. The closet purpose build c-store is located 3 miles to the north west in Frodsham or 4 miles to the east in Weaverham

Freehold

The property is secured on a 15-year lease with a commencement date of 16 July 2018, providing a term certain of c. 10.3 years

£72,542 per annum is the forecast rent for the impending July 2023 rent review (the rent will be topped up to reflect this). This is a very low passing rent of £15.18 psf

5 yearly rent reviews to CPI compounded annually (1-3% collar and cap)

Seeking offers in excess of £1,245,000 ex VAT and subject to contract. This reflects a Net Initial Yield of 5.50% assuming purchaser’s costs of 5.96%