PRIVATE BUYER FOR WAITROSE IN STAMFORD

Private buyer for Waitrose in Stamford.

The freehold let to Waitrose in Stamford, Lincolnshire has changed hands as another example of the popularity of foodstore investments in the current market. Terms were agreed during the early 2020 lockdown period with competing bids presented to the private owner advised by JLL. The store of around 27,800sqft is let to Waitrose until November 2029 at £430,000pa and the price of just over £7,000,000 reflected an initial return of approx 5.7%. The purchaser, a private Estate, was represented by Edgerley Simpson Howe.