Waitrose, Mountsorrel, United Kingdom

  • Acquired in May 2016
  • New foodstore in Mountsorrel and adjacent development site, located between Leicester and Loughborough
  • Foodstore let to Waitrose for 15 years (no breaks) on FRI lease
  • Investment underpinned by the strong income generation provided by the Waitrose foodstore with scope to exploit the development site to enhance investors’ returns
  • Development site sold in April 2017 to a local developer giving a significant return to investors and enhancing the running yield on the retained Waitrose foodstore
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