The Acorn Portfolio

Portfolio of 5 foodstores, let to Sainsbury's and Tesco for a further 22 years unexpired. Subject to minimum fixed increases...

• A  portfolio of 5 foodstore investments located throughout the UK providing a total floor area of 59,935  sq ft.
• Four  of the properties are let to Sainsbury's Supermarkets Ltd with the  remaining property let to Tesco Stores Ltd all on co terminus leases  expiring on 12th  October 2031.
• All  the properties are held Freehold.
• All  of the leases are subject to 5 yearly upwards only rent reviews, to the  higher of OMRV or 2.5% per annum compound growth.  The vendor will top up the existing  rent to the minimum levels to be achieved at review which for the majority of  properties is below OMRV.
• Total  income of £518,344 per annum with  a total ERV of £587,831 per annum (13th  October 2011).