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  • For sale
REDDITCH - Lidl, Battens Drive, B98 0LJ - #1
- Forward commitment opportunity to acquire a new foodstore pre-let to Lidl.
- Strategically situated in an established residential area, just 1.5 miles to the east of Redditch town centre.
- Purpose built, newly constructed 17,825 sq ft (1,656 sq m) standalone foodstore with 99 car parking spaces (1:180 sq ft ratio).
- AFL agreed with Lidl UK GMBH for an attractive 25-year lease (tenant option to break in years 15 and 20). Attractive 15-year term certain secured against a 5A1 rated covenant.
- Strong income profile, subject to 5 yearly CPI linked rent reviews (capped at 2% per annum compounded or 10.41% over the 5 year period).
- Affordable commencing rent of £294,112.50 pa, reflecting £16.50 psf.
- Lidl is one of Europe’s leading food retailers, now operating from over 800 stores in the UK.
- Limited competition in the immediate 5-minute drive time catchment.
- Practical completion anticipated November / December 2021.