Tesco Express, High Wycombe
Former Golden Fleece Pub, Hatter's Lane, High Wycombe, HP13 7LYBasic Facts
| Property ID: 4529 | Post Updated: 2019-06-24 10:41:31 |
| Status: Acquired | Type: Supermarket |
| 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
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Lease term > 15 years
Minimum Rental Uplifts
