Basic Facts
Property ID:
4989
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Post Updated:
2019-06-24 10:41:22
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Gross Rent:
£ 51,565
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Lease Term:
20 years from July 2010
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VAT applicable:
Yes
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Property Description
- Freehold Blue-Chip Convenience Store Investment.
- A converted former public house with on-site customer car parking.
- The 3,908 sq.ft. retail unit is situated on ground floor level only, and has car parking for 6 vehicles.
Location Description
- Historic Thames Estuary town with a population of 66,000 and is only 20 miles east of Charing Cross.
- The property is located in a high density housing estate to the south of Gravesend town centre and adjacent to
Whitehill neighbourhood parade.
Additional Notes
- Let to Tesco Stores Ltd for a term of 20 years from July 2010.
- The lease provides for five yearly RPI compounded increases.
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Freehold
Lease term: 10 - 15 years
Minimum Rental Uplifts
Reversionary Opportunity
Suitable for a SIPP