Tesco Express, 44 High Street, Beighton, Sheffield S20 1EA
Sheffield, S20 1EA
Sold
Price
£865,000
Rent (pa)
£64,091
Yield
7%
Investment Summary
- Freehold convenience store investment in Beighton, Sheffield.
- Beighton is a suburb of Sheffield approximately 8.5 miles to the southeast of the city centre.
- Situated in a densely populated area along Beighton High Street.
- Well configured food store providing a total floor area of 4,777 sq ft (of which 3,174 sq ft GF sales area).
- Let to Tesco Stores Ltd.
- 20 year lease term wef 16th March 2015, expiring 15th March 2035 (10 years unexpired).
- Tenant only break clause on the fifteenth anniversary (5 years to break).
- Tenant has recently passed a break clause on the tenth anniversary, demonstrating their commitment to the site.
- Rent reviewed five yearly in line with RPI (1-4% cap and collared).
- Current passing rent of £64,091 per annum (£13.41 psf).
- Freehold
Interested in this property?
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