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Tesco Express, Eastbourne


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Basic Facts

Status: Type: Tenure: Virtual Freehold (999 years) Gross Rent: £ 61,601
Lease Term: 15 years from Aug '09 VAT applicable: Yes

Property Description

  • Virtual Freehold blue-chip, convenience store investment
  • Ground floor shop measuring 3,761 sqft with a wide frontage
  • There are 3 floors of residential accommodation above which are not included in the sale

Location Description

  • With a population of 100,000, Eastbourne is the 2nd fastest growing seaside town in the UK and is known as the sunniest place in Britain. It is 17 miles east of Brighton
  • The property is located in Meads, a very attractive area in the western part of Eastbourne, characterised by its large Victorian and Edwardian houses, most of which have been converted into flats
  • The Eastbourne campus of the University of Brighton is close by

Additional Notes

  • Let to Tesco Stores Limited for a term of 15 years with effect from 2nd July 2010 at a passing rent of £61,600.75 p.a.
  • 5 yearly rent reviews linked to RPI and not capped

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