Sainsbury’s Local, 6 High Street, Durrington, Wiltshire SP4 8BD
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Acting on behalf of Waypoint Asset Management, AP Investment has recently sold a single convenience store investment in Durrington, Wiltshire.
The local convenience store is in the centre of the village, Sainsburys had been in the unit 20 years, having recently re-geared and extended their lease term. There was a first floor flat which had been sold on a long leasehold.
The investment was sold with a lease expiring in 2036 and an RPI linked rent review in 2031. The passing rent is £54,000 per annum.
The investment was sold to a private investor for £745,000.
The purchaser was represented by Holliday Property Consultants.
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