Fairlie Norbury Real Estate advises on acquisition of Cropwell Bishop Co-op C-Store opportunity

FNRE advised a family trust on the acquisition of the Co-Op Convenience store at Cropwell Bishop, Nottingham. The property comprises a 3,500 sqft newly developed standalone convenience store let to Co-op Group Food Ltd for 15 years from 29th November 2018. The rent of £54,250 pa is subject to 5 yearly reviews to CPI collard and capped at 1 and 3%. The price of £1m reflected a net initial yield of 5.13%.