NG13 Aldi, 64 Nottingham Road, Bingham

Ground Rent Investment

This purpose-built Aldi supermarket offers approximately 18,317 sq ft (1,701.70 sq m) of efficient trading space on a well-configured 0.93 acre (0.38 hectare) site, complemented by a 30 space customer car park.

Constructed to Aldi's modern specification

The supermarket is let to Aldi Stores Limited on a 125 year lease from 7 August 2015, with 5 yearly RPI-linked increases between 1% and 2.5% per annum compounded.

The lease provides for a Tenant Option to Determine on 7 August 2035 and every 5 year thereafter, subject to serving 12 months written notice. The lease contains a reinstatement provision.

The property occupies a prominent position on Nottingham Road, a principal route through Bingham, at its junction with Harvest Close.

The store is situated within a predominantly residential catchment, some 4,408 households.

The site benefits from good visibility, ease of access and dedicated on-site parking.

The neighbouring overflow car park is in the ownership Aldi Stores Limited