On behalf of private clients, Cooper Rose has launched the sale of a prime foodstore investment in Wakefield, West Yorkshire, the salient points of which are as follows:

  • Located in the Cathedral City of Wakefield, one of the principal retail and commercial centres in Yorkshire

  • Let to the excellent covenant of Sainsbury's Supermarkets Limited until 22 May 2036 (14 years unexpired)

  • Purpose built foodstore extending to 116,763 sq ft

  • The rent is subject to 5 yearly rent reviews to Open Market Value with the next review on 23 May 2026

  • 999 year long leasehold from 13 August 2014 at a peppercorn

  • The property is the dominant foodstore within Wakefield city centre

Total current income: £2,510,414.50 per annum

Price: £47,000,000 subject to contract and exclusive of VAT

Net Initial Yield: 5.00%

Contact Ben Rose or Sammy Whittaker