Tesco Stores Limited, 14 Cherry Tree Lane, Romiley, Stockport SK6 4ER

Stockport, SK6 4ER

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Tesco Stores Limited, 14 Cherry Tree Lane, Romiley, Stockport SK6 4ER
Price £370,000
Rent (pa) £22,000
Yield 5.72%

Investment Summary

  • Secure convenience store investment
  • Freehold title (GM804161)
  • 3,040 sq ft on a large site (future re-development back to residential should the C-store fail)
  • Let on FRI terms to Tesco Stores Limited on assignment from One Stop Stores Limited
  • Term expiring 26th October 2028 (8 years unexpired).
  • The current rent of £22,000 per annum (£7.24 psf)
  • 5 yearly open market rent reviews (25th March 2021 and 2026).
  • Quoting offers in excess of £370,000 (STC)
  • 5.72% Net Initial Yield
Town Stockport
Postcode SK6 4ER
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