PRIME, MODERN, SUPERMARKET AND PETROL FILLING STATION Staunton Whiteman have sold the Morrisons in Doncaster.
Morrisons, Doncaster
Doncaster
Disposal
c £22.5m
Completed
Prime, modern, supermarket and petrol filling station investment.
Located in a fast-growing catchment, adjacent to the principal arterial route into Doncaster city centre from the M18.
Let to Wm Morrison Supermarkets Ltd on two separate leases with a combined WAULT of 14.5 years.
5 yearly rent reviews geared to RPI. The supermarket lease (accounting for some 90% of the income) is linked to RPIX and has a collar/cap of 1.0 - 3.5% pac. The petrol filling station lease is linked to RPI with a collar/cap of 1.0 - 3.0% pac.
The supermarket is let at a low rent of just £20.71 psf.
