Supermarket Investment Opportunity Let to Tesco on a 20 Year Lease with Nine Years Unexpired and RPI Linked Rent Reviews Investment Let at £74,599 per annum
The property comprises a rarely available supermarket investment opportunity let to the undoubted covenant of Tesco with nine years unexpired. Arranged across ground and first floors and providing 3,917 sq ft (363.89 sq m) of accomodation, the property comprises a former public house which has been converted to a local supermarket. The property benefits from a rear car park with 16 spaces. The property is let in its entirety to Tesco Stores Limited on a 20 year lease with no breaks expiring 08/08/2033 and paying £74,599 per annum. The lease is subject to five yearly RPI linked reviews with a cap and collar of 1%-4% per annum. The property occupies a prominent corner position at the junction of Coggeshall Road and Cressing Road. The area is predominantly residential with some local retail amenity and the property is the only supermarket in the area, with the nearest major supermarket being 0.6 miles away in Braintree Town Centre.
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