Long Income Supermarket/PFS Investment

Honley. Huddersfield Road

Asking (STC) Seeking offers in excess of £2,915,000
NIY 5% rising to 5.66% in Jan 2025
Uplifts Minimum 2.5% pa
  • Strategic and prominent location on the arterial route into Huddersfield
  • Freehold
  • 13.55 years unexpired to Co-operative Foodstores Limited with a guarantee from Co-operative Group Limited
  • 3,819 sq ft convenience store
  • Recently rebased rent to £155,000 per annum
  • Fixed uplift at January 2025 review to £175,368 (an increase of 2.5% per annum)
  • January 2030 review is the higher of OMRV and 2.5% per annum
  • 2020 renewal underlines the success of the location for the tenant