Carterton – Monahan Way, Brize Norton, Oxfordshire OX18 3AN
Prime Convenience Store and Drive-thru Investment with EV charging income in Carterton, Oxfordshire OX18 3AN
Phase I: Let to Kenmare Estates Ltd with a guarantee from The Midcounties Co-operative Ltd for a term of 20 years & 6 months on an overriding lease of the local centre with open market rent reviews at a rent of £145,000 per annum (£20.69 per sq ft overall).
• Phase II: Let to Greggs plc on a 15-year lease at £70,000 per annum (£38.88 per sq ft) with RPI linked reviews cap 3%, collar 1%.
• Combined annual rent of £227,000 per annum.
• Part of a major new development within historic Brize Norton of 700 new homes, 2 acres of employment land, a school, a fire station and a care home.
• Sold to a private investor for £4,240,000 / 5.13%.