Tesco Express, Burton-on-Trent

Property Description

• Freehold Blue Chip Supermarket and Residential investment.
• Property benefits from car parking for 23 marked spaces to both the front and rear of the property. The freeholder has the right to use 2 spaces.
• Retail unit on ground floor and two self contained flats above.

Location Description

• Burton-upon-Trent is located 11 miles south-west of Derby and 28 miles north-east of Birmingham
• The A38 provides direct access to Derby to the north-east and Sutton Coldfield to the south-west.
• St Georges Park National Football centre is some 5 miles west of Burton.
• Edgehill academy is opposite the property whilst both Paulet High School & 6th Form College, and Blessed Robert Sutton Catholic Academy are close by.
• The property is situated some 1.5 miles south east of the town centre in the predominantly residential suburb of Stapenhill.
• More particularly the property occupies a prominent position on the corner of the A444Stanton Road, one the main arterial roads in Burton, and Sycamore Road.

Additional Notes

• Let to Tesco Stores Ltd for 20 yrs from 27/04/2012 at a current passing rent of £60,769 per annum. RPI linked rent review every 5th year (collared and capped at 0% to 4% compounded).
• Tenant did not exercised break option.
• Two bedroom flat, on AST for 12 months at passing rent of £6,600.  Reversion available 2023.
• One bedroom flat, on AST for 12 months at passing rent of £5,700.  Reversion available 2023.
• The property may lend itself to a variety of alternative uses and redevelopment, including residential, subject to the existing leases and obtaining all the necessary consents. All enquiries should be made with the local authority: East Staffordshire Borough Council: www.eaststaffsbc.gov.uk