Supermarket Income REIT PLC snaps up Market Harborough’s Waitrose
The supermarket is located in the town centre and comprises an 18,000 square feet net sales area supermarket with more than 180 car parking spaces
() has acquired a Waitrose supermarket in Market Harborough, Leicestershire for £9.1mln.
The property has been bought from Alpha Real Estate at a price that represents a net initial yield of 4.3%.
It is being acquired with an unexpired lease term of 19 years (with a break option at year 14), with five-yearly rent reviews subject to 2% fixed, annually compounded uplifts.
“This store has strong omnichannel trading fundamentals and is situated in a prominent location within a highly affluent town,2 said
Ben Green, a director of Atrato Capital, which is the investment adviser to Supermarket Income REIT.
Shares in the real estate investment trust were up 0.5% at 106.5p.
Read More: Supermarket Income REIT PLC snaps up Market Harborough’s Waitrose