Tesco Express, 242 Coggeshall Road, Braintree | Property for sale | Savills
Guide price £875,000(฿38,023,212)

Tesco Express242 Coggeshall Road, Braintree

  • New
  • Sole agency
  • Freehold
Investment
Yield 8.5%Yield

Key features

  • Rarely Available Retail Investment
  • Let to the Undoubted Covenant of Tesco Stores Limited
  • Approx. Nine Years Unexpired
  • RPI Linked Reviews (cap and collar 1%-4% p.a.)
  • 3,917 sq ft (363.89 sq m)
  • Established and Popular Location
  • Investment Let at £74,599 p.a. (8.5% GIY on Guide Price)

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

About this property

  • 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.

Additional information

  • The property is let 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 on full repairing and insuring terms and includes five yearly RPI linked rent reviews with a cap and collar of 1%-4% per annum. The next review is due August 2028.
  • Tesco Stores Limited
  • - D&B Rating: 5A2
  • - Turnover (2023): £47.48bn
  • - Pre Tax Profit (2023): £565m

Energy performance

B