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Supermarket Income REIT snaps up Market Harborough’s Waitrose store

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Supermarket Income REIT PLC (LON:SUPR) has acquired a Waitrose supermarket in Market Harborough, Leicestershire for £9.1mln.

The property has been bought from Alpha Real Estate at a price that represents a net initial yield of 4.3%.

It is being acquired with an unexpired lease term of 19 years (with a break option at year 14), with five-yearly rent reviews subject to 2% fixed, annually compounded uplifts.

“This store has strong omnichannel trading fundamentals and is situated in a prominent location within a highly affluent town,2 said

Ben Green, a director of Atrato Capital, which is the investment adviser to Supermarket Income REIT.

Shares in the real estate investment trust were up 0.5% at 106.5p.

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