Tesco Express, Chell Street, Stoke-on-Trent, ST1 6AZ

Stoke-on-Trent, ST1 6AZ

Back to Track Record
Sold
Tesco Express, Chell Street, Stoke-on-Trent, ST1 6AZ
Price £1,350,000
Rent (pa) £71,500
Yield 5%

Investment Summary

  • Prominent convenience store investment in Hanley, the principle commercial centre of Stoke-on-Trent
  • New build convenience store with substantial car park providing spaces for 10 vehicles
  • Located on a busy spine road connecting the centre of Hanley in the south with both residential and commercial areas in the north.
  • Well configured convenience store providing 4,300 sq ft across ground floor
  • Let entirely to the undoubted covenant of Tesco Stores Limited
  • Tesco Stores Limited - Net worth £5.4bn
  • New FRI lease for a term of 15 years from Practical Completion
  • The initial rent of £71,500 per annum (£16.62 psf) is reviewed 5 yearly in line with the open market rental value (capped at 12.50% each review)
  • The tenant has an option to determine the lease on the tenth anniversary of the term, subject to six months written notice.
  • Freehold
Town Stoke-on-Trent
Postcode ST1 6AZ
Get Directions

Interested in this property?

Contact our team for more information or speak directly with Sam Beckett.

Contact Us

Similar Properties