Morrisons, Durham Road, Birtley, Gateshead

  • Price £16,530,000
  • Yield 6.5%
  • Income £1,147,556
  • Sector Supermarket

Dominant long income foodstore investment, 19.5 years with RPI linked reviews

Summary

  • A modern, purpose built foodstore comprising 61,411 sq ft GIA (5,705 sq m)
  • Let to WM Morrison Supermarkets Limited for a term of 20 years from 31st March 2025, expiring 30th March 2045,
  • Strong income profile with RPI linked rent reviews subject to a collar and cap of 1% and 3%. The next review is in March 2030.
  • EPC rating B on all units.
  • Freehold
Contact
Stephen Raingold
Email: stephenraingold@lewisandpartners.com
Mobile: 07775 647 499