Tesco, 84 St Augustines Way, South Wooton, King's Lynn PE30 3TE

King's Lynn, PE30 3TE

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Tesco, 84 St Augustines Way, South Wooton, King's Lynn PE30 3TE
Price £475,000
Rent (pa) £31,500
Yield 6.35%

Investment Summary

  • Secure supermarket investment opportunity
  • Well-presented property comprising convenience store within local parade
  • 3,070 sq ft on a site of 0.23 acres
  • Located in a thriving local community to the north of King’s Lynn
  • Freehold
  • Let to Tesco Stores Limited (D&B 5A1)
  • Tenant has been in occupation since construction 36 years ago (March 1986)
  • 15 years wef 6 December 2012, expiring 5 December 2027 (5.4 years unexpired)
  • Tenant break option 6 December 2022
  • Current rent of £31,500 per annum (£10.77 psf)
  • Pandemic resistant income with March and June rents paid
  • Offers in excess of £475,000 (STC)
  • Representing a Net Initial Yield of 6.35%
  • Low capital value of just £155psf
  • Ideal SIPP purchase
Town King's Lynn
Postcode PE30 3TE
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