£925,000 (5 yearly upward only fixed rent review throughout the term)
The investment opportunity is by way of a 125 long leasehold from Exeter City Council commencing October 2011 at a peppercorn rent.
The property is arranged over basement, ground and seven floors above and let in its entirety on full repairing and insuring terms to John Lewis Plc. The term agreed stands at 20 years from September 2012 with 17 years currently unexpired. The passing rent is £925,000 per annum subject to fixed 5 yearly upward only rent reviews.