Lismore Real Estate Advisors has advised OLIM Property on the sale of Town Green, a dominant town centre foodstore investment in Crieff.
The property comprises a purpose-built, standalone Co‑op supermarket extending to 16,004 sq ft on a prominent 1.28‑acre site, with dedicated car parking and servicing. The asset is fully let to The Co‑operative Group Ltd on FRI terms, with a lease expiry in April 2035, providing over nine years of secure income. The passing rent is £333,120 per annum, subject to annual RPI‑linked increases, offering investors guaranteed income growth.
Positioned as the principal town centre foodstore, the asset benefits from strong local demographics, limited competing provision, and ongoing residential development expected to drive further demand.
The property was acquired by Crown Estate Scotland for £4.375 million, reflecting a net initial yield of 7.15%.