Sainsbury’s Local, 6 High Street, Durrington, Wiltshire SP4 8BD
Download the Sales Brochure Make an enquiry
Convenience store investment located in Wiltshire village located 2.5 miles north east of Stonehenge & 11 miles north of Salisbury.
The 5,443 sq ft retail unit adjoins the village hall and library.
The property has been let to Sainsbury’s Supermarkets Ltd since 2006.
The supermarket renewed their lease in 2021 on a 10 year term and have recently signed a reversionary lease to extend now until 29 January 2036.
Rent of £54,000 per annum – only £9.92 per sq ft.
2031 compounded RPI rent review, with collar & cap over period of 5.1% & 15.9%
1st Floor flat sold off on a 999 year lease.
We are instructed to seek offers in excess of £785,000 (Seven Hundred & Eighty Five Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 6.52%, assuming costs of purchase of 5.51%.
On an assumption of RPI annual growth of 3% per annum the reversion in 2031 will be to 7.56%
View other sales and recent transactions.
