Co-Operative Funeral Care Portfolio

• Rare opportunity to acquire a portfolio of six highly reversionary Funeralcare property investments
• Let on individual FRI Leases to Central England Co-operative Limited with one AST flat.
• Lease expiry in November 2031. Tenants break clause and open market rent review in November 2026. The AST is a rolling monthly arrangement.
• Total income £169,200 per annum
• Very low passing rents ranging from £4.32 psf to £12.03 psf giving excellent scope for imminent rental growth.
• Underpinned by future redevelopment potential (STP)
• Freehold

We are instructed to seek offers in excess of £2,120,000 (Two Million One Hundred and Twenty Thousand Pounds) subject to contract and exclusive of VAT, for the benefit of the freehold portfolio interest which reflects a Net Initial Yield of 7.50% and is highly reversionary after allowing for purchaser’s costs of 6.32%.

Offers will also be considered on an individual property basis.