The 73,829-sf supermarket is let to J Sainsbury for a further 26 years. It includes a petrol station and 422 car spaces. Significantly in a market where open market rental evidence is hard to come by, the store is let to Sainsbury's at a rent of £1,539,655 ($2/25 million) per annum. At £20.85 ($30) per sf this is towards the top end of the range in the UK.
The purchaser was a private investor partnership promoted by Pinder Fry & Benjamin, represented by Cushman & Wakefield Healey & Baker. The vendor was advised by Insignia Richard Ellis.
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