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Alpha Real Sells Sudbury Sainsbury’s For £35.45M

Private Clients of Mutual Finance have purchased the 66,000 sq ft Sainsbury’s food store in Sudbury from Alpha Real Capital LLP for £35.45m reflecting a Net Initial Yield of 4.72%.

The lease to Sainsbury’s has just over 18 years unexpired and the rent of circa £1.8m pa is reviewed annually in line with RPI with a cap and collar at 3% and 1%. Debt finance for the acquisition was arranged by Mutual Finance .

Raed Hanna, MD of Mutual Finance said “We are very pleased with this acquisition with this investment providing very well secured long-term income with the added benefits of annual RPI linked rent reviews.”

Cyril Leonard advised the purchasers on the acquisition and Hampson Wall advised Alpha Real Capital LLP.

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Author: Cyril Leonard
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Capital & Occupational Markets

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