Prominent convenience store investment along busy arterial route of the A491 High Street
On average the A491 sees over 24,000 vehicles passing by daily (according to DfT)
Prominent ground floor retail unit within a busy neighbourhood retail centre
Situated within densely populated residential neighbourhood, with further footfall from adjacent business/industrial park
Neighbouring occupiers include Pizza Hut Delivery, Little Lobsters play centre on the first floor, and a deal agreed on the vacant ground floor units to a local veterinary practice
Well configured convenience store providing 4,267 sq ft across ground floor
EPC rating of B49
Let entirely to the undoubted covenant of Tesco Stores Limited
Tesco Stores Limited - Net worth £4.9bn
FRI lease for a term of 15 years
Tenant only break clause on the tenth anniversary of the term
The current rent of £55,000 per annum (£12.89 psf) rebased from £73,922 pa - is reviewed 5 yearly in line with the open market value (upward only)
Lease recently renewed and recently extended with Tesco, highlighting exceptional trading performance
