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Tesco Express, High Wycombe


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Basic Facts

Status: Type: Tenure: Freehold Gross Rent: £ 50,000
Lease Term: 20 years from Oct '12 VAT applicable: Yes

Property Description

  • Freehold blue-chip convenience store investment
  • Arranged over ground (2,768 sq. ft.) and first (887 sq. ft.) floors to provide a retail unit with ancillary and staff accommodation
  • Set on a large triangular shaped plot with a total area of 0.35 acres
  • There are approx. 17 car parking spaces

Location Description

  • High Wycombe is a strategic town situated some 30 miles west of Central London with a population of approx. 118,000
  • It is conveniently located off junctions 3 and 4 of the M40 motorway and benefits from mainline rail connections into London Marylebone of approx. 35 minutes
  • The property is located within a residential suburb known as Micklefield 2 miles east of the town centre
  • The shop is located opposite a school which provides a local focal point

Additional Notes

  • Let to Tesco Stores Ltd for 20 years from 31/10/2012 FR&I for £50,000 p.a.
  • 5 yearly upward-only rent reviews are linked to RPI and capped at 4% p.a. compounded
  • There is a tenant option to break at the end of year 10

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