Well located convenience store in densely populated residential area
Ideal SIPP opportunity
Let to Tesco Stores Limited until 23rd Aug 2030 (TBO 23rd Aug 2025)
8 years UXT
Passing rent of £51,495 per annum
RPI uplift in August 2020 (4% and 1% cap and collar)
VAT elected
Freehold
Seeking offers in excess of £775,000, subject to contract and exclusive of VAT
Net Initial Yield of 6.30%
Potential reversionary yield of 7.22% in 2020
