Prix attendu
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Taux de capitalisation
Prix attendu
Revenu net Revenu net
Taux de capitalisation

Documents

J'accepte l'accord de confidentialité
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J'accepte l'accord de confidentialité J'accepte l'accord de confidentialité
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Caractéristiques

Taille de la propriété

Description de la propriété

The property consists of a highly prominent purpose-built single storey foodstore, providing 20,872 sq ft of accommodation. Lidl have taken early access (triggering lease term commencement) and the property is currently undergoing tenant fit out with a target opening date of January 2021. Practical completion of the property is due following completion of the associated highway works which are scheduled to finish in November 2020.

Informations clés concernant l'investissement

  • Newly completed foodstore extending to 20,872 sq ft with use of 120 car parking spaces
  • Lidl have taken early access triggering lease term commencement. Practical completion due November 2020, with store opening to customers in January 2021
  • Located on a major new retail park development in Retford, an established commercial centre and market town in Nottinghamshire
  • Highly prominent trading position, being situated 0.50 miles south of Retford town centre, with prominence to the busy London Road (A638)
  • Let to the strong covenant of Lidl Great Britain Ltd, 5A1 and minimum risk rated by D&B
  • Lidl is one of Europe’s leading food retailers, now operating over 800 stores in the UK
  • New 25-year full repairing & insuring lease from 11 September 2020, with tenant break options at years 10, 15 and 20
  • 5 yearly upwards only rent reviews linked to RPI (all items) with cap & collar of 1% - 2% pa
  • Rent of £240,028 per annum, reflecting £11.50 per sq ft
  • Virtual freehold (999 year long lease at a peppercorn rent)

We are instructed to seek offers in excess of £4,300,000, subject to contract and exclusive of VAT.


A purchase at this level reflects an attractive Net Initial Yield of 5.24%, assuming standard purchaser costs, with a minimum yield improvement to 5.51% in year 5, assuming the base case RPI uplifts of 1% pa.


JLL are also marketing the Lidl in Mansfield for the same developer, and consideration will be given to a sale of both assets as a package.

Last Updated Date: 19 Oct 2020
Ben Kelly
Ben Kelly
Director - Capital Markets
Bill Martyn-Smith
Bill Martyn-Smith
Surveyor - Capital Markets

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DÉCLARATION DE CONFIDENTIALITÉ 

Jones Lang LaSalle (JLL), ainsi que ses différentes filiales et entités, est une société internationale leader du conseil en immobilier d'entreprise. Nous prenons la responsabilité de protéger avec la plus grande rigueur les informations personnelles qui nous sont confiées. 

En règle générale, les informations que nous recueillons sur vous nous permettent de traiter ou de répondre à votre demande. 

Nous nous engageons à conserver les informations personnelles qui nous sont confiées, avec le niveau de sécurité approprié, et aussi longtemps que nous le jugerons nécessaire pour toute raison professionnelle ou légale. Nous supprimerons ensuite vos données de manière sûre et sécurisée. À tout moment, vous avez la possibilité d’affiner vos préférences en termes de communication et de vous désabonner. 

Pour plus d'informations sur la manière dont JLL traite vos données personnelles, veuillez consulter notre déclaration de confidentialité.

Last Updated Date: 19 Oct 2020

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