One-Stop (Tesco Express), Southampton
- Virtual Freehold (999 years) blue-chip convenience store investment
- Large unit measuring 4,251 sq.ft.
- The property is arranged on ground floor only to provide a newly built convenience store forming part of a new development, the remainder of which is not included in the sale.
- Southampton is the main commercial and administrative centre of Hampshire, serving a population of some 210,000, and is located 80 miles south-west of London
- Harefield is a densely populated neighbourhood, 3½ miles east of the city centre.
- The immediate vicinity is being redeveloped to provide 127 new homes as part of a major, flagship, housing regeneration programme for Southampton which will be completed in the next year
- The property is held on a 999 year Virtual Freehold lease from 2016 at a peppercorn annual rent
- Let to ONE STOP STORES LTD for a term of 15 years from 05/10/2015 FR&I for £35,000 pa
- 5 yearly rent reviews
- There is a tenant’s break clause in the tenth year