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