• Lease guaranteed by Co-Operative Group Limited

• Secure income – Total Equity £2.954 billion

• Approximately 15 years unexpired lease term

• Uncapped RPI Rent Reviews

• Highly prominent retail property with extensive frontage

• Freehold interest comprising 0.64 acres

• Offers in excess of £1,850,000 subject to contract

• 7.0% net initial yield

The property occupies a prominent corner position in the town centre with extensive frontage to Station Road at the junction of Lindleys Lane which provides vehicular access to the rear car park and access for loading / unloading. Kirkby-in-Ashfield Railway Station is less than half a mile west of the property.

Ashfield District Council offices are almost diagonally opposite and the property benefits from continuous traffic flow in both directions. The surrounding streets off of Station Road are predominantly residential comprising a blend of detached and terraced housing.

The town centre is compact and pedestrian friendly, known for its range of national and local owned shops and business. In addition, a traditional English market is held every Tuesday, Thursday, Friday and Saturday.

The property is a detached modern purpose built single storey retail / supermarket property with its main entrance fronting Station Road. The property is of portal frame and brick construction beneath a slated pitched roof. There is an entrance at the rear as well as rear loading facilities and there is a designated car park within the freehold for 40 cars.

The property is sub-let to The Factory Shop and the property has been fitted out to a high standard in their corporate style. The main retail area is open plan with the tenants merchandise strategically laid out across the store. There is also an area for storage as well as for staff accommodation.

We estimate the site area to be approximately 0.26 hectares (0.64 acres).

Freehold.

The property is well secured to Co-Operative Group Limited (No. 00525R) which has reported the following figures;

With origins tracing back to 1844 the Co-Operative Group has become one of the world’s largest consumer co-operatives and the largest mutual business in the United Kingdom, with interests across food, funerals, insurance, electrical and legal services. Its food business has reported strong performance with a 3.8% increase in convenience like-for-like sales and 97 new food stores. For further information visit www.co-operative.coop.

The sub-tenant, The Factory Shop Limited (Co. No. 04176887) has reported the following figures;

Established in 1969 The Factory Shop is a retailer of a wide variety of goods including clothing and footwear for all ages and genders, cosmetics and fragrances, fashion accessories, electrical goods, housewares and home furnishings as well as toys, books and confectionery. The company trades from over 200 stores nationwide from Thurso, past John o’ Groats, to Helston in Cornwall. For further information visit www.tofs.com.

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

1. An opportunity to acquire highly prominent retail property with extensive frontage and its own designated car park;

2. The lease is guaranteed by the highly secure covenant of Co-Operative Group Limited and underpinned by a secure sub-tenant, The Factory Shop Limited;

3. Approximately 15 years unexpired with no breaks;

4. The lease benefits from open RPI rent reviews;

5. Freehold interest comprising 0.64 acres;

6. The property occupies a prominent trading position;

7. A purchase at the asking price will provide an investor with an attractive net initial yield;