Secure convenience store investment opportunity
Well-presented, recently converted and refurbished unit
Provides a total of 5,171 sq ft
Freehold site of c 0.23 acres
Let to Tesco Stores Limited
20 year FRI lease from 11 November 2014 with TOB on 11 November 2024
15 years to expiry, 5 years to break
Low initial rent, expected to be £50,800 per annum (£9.82 psf)
5 yearly upward only RPI reviews (0% & 4% collar and cap)
Offers in excess of £800,000 (STC)
Representing a Net Initial Yield of 6.02% following imminent rent review
Further increases to 6.98% on 11 November 2024 and 8.09% on 11 November 2029
