A Bracknell Forest supermarket is for sale for more than one million on a “20 year lease".

The Co-op store on Forest Road, Binfield is for sale on Rightmove, marketed by Savills, on a freehold 'subject to an occupational lease of the whole'.

A Savills spokesman said: "The property comprises of a two storey detached building with a multi-pitched slate roof, rendered brick elevations and double-glazed fenestration throughout. The property has been extended with a single storey element to the rear.

"Externally, there is a tarmacadam car park located to the left elevation of the property with 9 lined spaces.

"The ground floor is let to The Southern Co-operative Ltd from 14 August 2015 on a new full repairing and insuring 20 year lease (no breaks) at a commencing rent of £80,350 per annum. There are therefore 15 years and approximately 9 months unexpired. The lease is subject to 5 yearly rent reviews in line with RPI with a collar of 1% and cap of 4%.

"The Southern Co-operative Ltd had a turnover for the year end 27th January 2019 of £450,851,000, with a tangible net worth of £105,504,000. The tenant can therefore be considered of undoubted covenant strength."

The Co-op store is located close to the roundabout leading to Terrace Road North in Binfield.

There is a tarmacadam car park located to the left elevation of the property with nine lined spaces.

Visit Rightmove for more information or to book a viewing.