Description: A freehold convenience store investment in the cathedral city of Chichester, West Sussex. New 15 year unbroken lease to Southern Co-Operatives Ltd at a commencing rent of £65,000 pax subject to 5 yearly index-linked rent reviews to CPI with a cap & collar at 1% and 4% compounded annually.
Type: Disposal on behalf of private clients for £1m reflecting a Net Initial Yield of 6.14% after the deduction of full purchasing costs of 5.80%.
Date: March 2013

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