1 Retail units and shops for sale in Fontwell

• Very attractive convenience store investment in a prominent position opposite Fontwell Park Racecourse. • Let to the Southern Co-operative Limited on a new 20 year lease from completion (no breaks). • 999 year Long Leasehold interest over the ground floor and retail parking area, subject to a peppercorn rental from completion, targeted 31st March 2025. • The property sits at the entrance to Fontwell Meadows, a new 400 house development being constructed by Dandara. • Ground Floor GIA of 3,674 sq ft (341 sq m) with 14 customer car parking spaces. • Commencing Rent of £112,500 per annum. • Rents are reviewed 5 yearly and compounded annually to RPI, subject to a cap and collar of 1% - 3%. • Offers in excess of £1,840,000 (One Million Eight Hundred and Forty Thousand Pounds), subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 5.75% after allowing for the usual purchaser’s costs.