Morrisons Daily Convenience Store - Hucknall

Nottingham, NG15 7SB

Available

Property Type Investment
Availability For Sale
Size 3144 sqft
Energy Performance Rating N/A

Morrisons Daily Convenience Store


LOCATION

Hucknall, with a population of some 29,000, is a market town situated some 6 miles north of Nottingham city centre, approximately 129 miles north of London and 18 miles northeast of Derby. The town is located on the A611, adjacent to the M1 motorway, midway between Junctions 26 and 27. The premises itself is situated on Portland Road at the junction of Wyburn Street opposite the Royal Oak Public House. Nearby occupiers include Coop Funeral Care, a hairdresser, kitchen showroom and café. There have recently been a number of large developments in the area by Bellway Homes, Harron Homes and Mccarthy & Stone which should assist the store turnover.

KEY POINTS

  • Single storey detached convenience store located in a densely populated residential area
  • Dominant alone corner sited store
  • Trading as Morrisons Daily on a new 15 year lease with no breaks to the substantial covenant Martin McColl Limited
  • Total current rents reserved £35,000 per annum, rising to £38,643 per annum in August 2026
  • Fixed uplifts at 2% pa throughout
  • Net initial yield of 6.01% with a reversionary yield in August 2026 to 6.64%
  • Offers in excess of £555,000
The property is a single storey detached brick built premises under a flat roof. The store is arranged over the ground floor with ancillary space to the rear.  There is ample unrestrictive on-street car parking in Wyburn Street and off street to the front of the building.
< Back to properties VIEW SHORTLIST Download Marketing Brochure Download Lease dated 5 August 2021.pdf Download EPC.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


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