Supermarket LIDL in the County of Surrey for Sale, Lease Agreement Ends 2045
Property type: supermarket
Purchase of established rental business
Tenure: predominantly freehold
Construction year: 1980’s
Latest Renovation: 2020
Lettable area: ca. 3,100 m2
Land area: ca. 9,300 m2
Car parking facilities: 140+ spaces
Location: the county of Surrey, UK
Anchor tenant: Lidl (supermarket chain)
Occupancy: 100%
Lease Agreement: until 2045 (with no tenant’s break option)
Possibility of renewal: YES
Rent Review: YES
Full Repair and Insure Lease (FRI lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.
Purchase price: offers in excess of 20,470,600 GBP
(+ closing costs)
Rental Income: 870,000 GBP per annum
(+ indexation linked to inflation)
Yield: 4.3%