Lismore are delighted to bring a dominant town centre foodstore investment in Crieff, an affluent historic town, to the market. The modern, stand-alone supermarket extends to 16,004 sq ft on a 1.28-acre site.
Let to Co-operative Group Ltd (100/100 Experian rating) until April 2035 – approximately 9.4 years unexpired. Current passing rent of £333,120 per annum (reflecting £20.80 psf) and subject to annual RPI-linked rent reviews in September (2 – 4% cap and collar).
Ongoing significant new residential development currently underway in the town, which is expected to further enhance retail demand.
We are seeking offers in excess of £4,450,000, which would provide a net initial yield of 7.03%.