Co-op, Goodison Boulevard, Bessacarr, Doncaster, DN4 6BT
Franck Steier Price has recently completed the sale of a Co-op convenience store investment in Doncaster located in the residential suburb of Bessacarr.
The ground floor store formed part of a modern residential scheme and extended to 3,736 sqft with the benefit of 7 car spaces. The unit was held on a 125 year long lease at a fixed peppercorn rent.
The unit was let to Co-operative Group Food Ltd on a 15 year lease from June 2007. The passing rent was £49,140 per annum (£13.15 per sqft). The lease is due to expire in June 2022.
The property was sold to a private investor client of CPP for £625,000 which reflected an initial yield of 7.48%.