Bridgend – Forecourt & Convenience Store Investment
Applegreen, Tremains Road, Bridgend, South Wales, CF31 1TZ
Offers in excess of £1,490,000
- Property Type:
- Sub Types:
- Retail, Alternative
- Net Initial Yield:
- Prominently located on the busy Tremains Road in the commuter town of town of Bridgend.
- The unit comprises of a total of 148.3 sq m (1,596 sq ft) of well configured retail accommodation.
- Let to the covenant of Rochpion Properties (4) LLP, (t/a Applegreen) guaranteed by the excellent covenant of Co-Operative Group Limited (5A1) with a further 8 years to expiry.
- No Breaks.
- Current rent passing of £106,533 pa subject to fixed annual increases of 2%.
- Retail Spend of £710,000.
- Site Area of 0.45 acres.
- Offers sought in excess of £1,490,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.75% assuming purchasers cost of 6.16%.