A unique and rare opportunity to acquire an exciting investment portfolio of three convenience stores and one coffee drive-thru unit, let to the undoubted covenants of Tesco, Co-op and Starbucks.
The salient points are as follows:
• Available as a portfolio or individually.
• Located in East London and Essex (Upminster, Romford, Chelmsford).
• 3 modern convenience stores and one prime drive-thru unit.
• Total current income of £348,987.
• Portfolio WAULT of 11.10 years (9.92 years to break), including c.20 years to Starbucks.
• Low-risk investment with long, secure income.
• Exceptionally well-located in high footfall and vehicular traffic areas.
• Undoubted covenants: Tesco, Co-op, Starbucks.
• Reversionary potential.
We are instructed to seek offers for the whole portfolio in the region of £5,300,000, subject to contract. A purchase at this level reflects a NIY of 6.18% (assuming standard purchaser’s costs). Alternatively, sales of the individual properties will be considered.
Please contact Ian Whittaker, Agnes Jones or Jamie Lamond of Watling Real Estate for access to the data room and to discuss the opportunity in more detail.
