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Tesco Express, Gloucester


Unit 11, Kingsway Local Centre, Thatcham Avene, Quedgeley, Gloucestershire, GL2 2GT

Basic Facts

Status: Type: Tenure: Virtual Freehold Area: 4439 sq ft
Gross Rent: £ 77,437 Lease Term: 15 yrs from Jul' 11 Years left on Lease: 6.2

Property Description

  • Blue-Chip Virtual Freehold Retail Investment.
  • A new mid terrace retail unit arranged over ground floor only.
  • Extensive parking is provided to the front of the terrace for shared customer use, with delivery bay to the rear.

Location Description

  • The property is located on the Kingsway Local Centre in Quedgeley, some 5 miles south of Gloucester city centre, 2.5 miles from Junction 12 of
    the M5 Motorway via the A38.
  • Kingsway Local Centre is positioned at the heart of the Kingsway development which comprises 3,500 new houses and a major business park.
  • The busy local centre includes a school, community centre, Badhams chemist, Marstons public house, Premier convenience store, Sue Ryder charity shop, Pizza Hut delivery, Asian Fusion restaurant and takeaway and a veterinary practice.

Tenancy

  • Ground Floor let to Tesco Stores Ltd on a 15 year FRI lease (no break) from July 2011.
  • The current rent is £77,437.58 with next RPI rent review July 2021 (subject to collar & cap of 1% & 4%).
  • Fixed increase to circa £90,000 in 2021.

Additional Notes

  • The property is held for a term of 999 years from 28th February 2017 at a peppercorn ground rent.

View on map / Neighborhood

This style property is located in is currently and has been listed on Prideview Group. This property is listed at . It has bedrooms, bathrooms, and is 4439 sq ft. The property was built in year.

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