• For sale
Waitrose, North Walsham

For Sale

£9,640,000 GBP Pound Sterling

• Situated in the affluent Norfolk market town of North Walsham.
• Prominent modern fit-for-purpose foodstore comprising 31,231 sq ft GIA with surface
car park and dedicated dotcom / click & collect facility.
• Let to the undoubted 5A1 covenant of Waitrose Limited on a 20-year FRI lease until 7th October 2032 (12 years unexpired).
• Current passing rent of £488,634 per annum, reflecting £15.83 psf.
• The rent is subject to five yearly fixed uplifts to 3% per annum. The next uplift is October 2022.
• Tenant option to renew for a further 15 years at lease expiry.
• Freehold.
• 1.03-acre site providing 154 surface car parking spaces (1:203 sq ft).

Property Details