liverpool@masonowen.com
T: 0151 242 3000

Mason Owen
7th Floor, 20 Chapel St,
Liverpool L3 9AG

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liverpool@masonowen.com
T: 0151 242 3000

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Investment

Prime Convenience Store Investment, Main Road

Windermere
Location
8,537 sq ft
Total Size
Investment for Sale
Availability
£3,000,000
Price
Description
The property is situated in the heart of the town centre, occupying a very prominent position on Main Street at the junction with Crescent Road, the principal road through the town, along which all traffic passes en route to the lake.

Occupiers nearby include Greggs, Boots, and a host of independent retailers and food outlets. The subject property is one of only three food stores in Windermere with the others being a Co-op convenience store on Crescent Road and Booths supermarket on Station Road.

Given the planning restrictions in the National Park the development of further convenience stores or supermarkets is extremely unlikely.
The property is of steel portal frame construction with blockwork walls beneath a metal profile sheet roof and comprises a convenience store with a dedicated 16 space customer car park to the rear. The ground floor retail area is fitted out in the normal corporate style of Sainsbury’s Local with storage to the rear and servicing via the car park. Customer access is also available from the car park directly into the store. The independently accessed first floor accommodation is not currently used by the tenant. A small section at the front of the building oversails the adjacent petrol station forecourt.

The entire property is let by way of a reversionary lease on full repairing and insuring terms to Sainsbury’s Supermarkets Ltd until 24th October 2040 at a rent of £175,000 pa. The rent is subject to review in 2030 and 2035 to CPI, collared at 1% and capped at 4% per annum compounded. The rent in the current lease and rent free period in the reversionary lease will be topped up by the vendor so that the income is £175,000 pa from completion of the freehold sale.

Property Agent

Jamie Moffatt black and white image

Jamie Moffatt

Email: jamie.moffatt@masonowen.com

07798576799

Andrew Scott image black and white

Andrew Scott

Email: andrew.scott@masonowen.com

07786171406

Jamie joined Mason Owen in 1998 and is a Director.

Jamie provides advice for Institutional, Property Company and Developer clients on the acquisition and disposal of investments and development sites in all sectors throughout the United Kingdom.

He has recently acted for Liberty Properties, Nuveen, Barkby Real Estate, ION Developments, Promenade Estates, Castle Green, Barratt Developments and BXB.

Jamie Moffatt

Contact Details

Andrew is an experienced Chartered Surveyor and Registered Valuer, who has been a valuable member of the Mason Owen team since joining in 2004.  With years of experience in the industry, Andrew has a wealth of knowledge and expertise in the commercial property market.

Andrew is passionate about his work and is dedicated to providing our clients with exceptional service that consistently exceeds their expectations.  He is highly skilled in negotiation, communication and problem solving which allows him to effectively manage client relationships and navigate complex situations.  His in-depth market knowledge, coupled with his strong work ethic and attention to detail ensures our clients receive accurate and reliable advice that meets their specific needs.

Andrew Scott

Contact Details