McColl’s, Alford

 

14 market place, Alford, Lincolnshire, LN13 9EB

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £20,000
  • Lease Term: 16.5 years from Nov '16
  • VAT applicable?: N

Property Description

  • Freehold, Blue-Chip Convenience Store Investment.
  • The property is arranged on a ground floor shop level with a cellar and separate rear access to a self-contained upper part residential accommodation at first and second floor level. The  upper floors have been sold off.
  • The site extends a total of 1,020 sq ft.

Location Description

  • The property is situated in the heart of this historic market town between West Street and East Street, opposite a public car park.
  • Close-by occupiers include Lloyds Bank and a Post office, also a host of established local traders.
  • Alford lies on the main A1104 some 7 miles south or Mablethorpe and 30 miles east of Lincoln, enjoying easy access to the A16 Trunk Road and the main A158 which links to the A46 and the A1(M).

Additional Notes

  • A Grade II listed property.
  • The property is let to Martin McColl Limited for a term of 16.5 years from November 2016 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout.
  • The first rent review is in 18 months and thereafter 5 yearly.
  • There is a passing rent of £20,000 p.a.

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Your Agent for this listing

PV000239

Nilesh Patel ACA

0203 113 2142
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