Investments

Freehold - Co-operative Group Food Limited FRI Lease recently renewed for 15 years after previous 25 year lease

Suburban retail investment let to national covenant

Leases expire December 2045 (NO BREAKS)

·      A portfolio of three food stores located in one of the UK’s leading coastal tourist destinations
·      Previously, the long term business of the Proudfoot Group, Scarborough’s leading foot retailer for over 80 years with national award winning units
·      Acquired by Tesco Stores
·      All stores let on 20 year terms from 7 October 2026 with NO TENANT BREAKS
·      RPI Rent Reviews (1% and 3% collar and cap)
·      Total initial rental income £540,000
·      Potential rental growth to £841,302 per annum from October 2041 (assuming cap of 3% per annum)
·      Freehold