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Tesco Express, Reading

Tesco Express Tilehurst Road Reading RG1 7TN

Basic Facts

Property ID: 15589 Post Updated: 2022-11-16 16:07:57
Status: Type:
Tenure: Freehold Area: 4298 sq ft
Lease Term: 20 yrs from Jun' 11 Lease Term Expiry Date: 01/06/31
Years left on Lease: 7.1 VAT applicable: Yes

Property Description

  • Freehold Blue-Chip Convenience Store.
  • The property comprises a former public house converted to a convenience store in 2011.
  • The site is rectangular amounting to approximately 0.15 hectares (0.37 acres) with frontage to Somerstown Court of 55m (180 ft) or thereabouts providing parking for at least 19 cars.

Location Description

  • Reading is situated in the Thames Valley some 37 miles west of London and has an estimated population of approximately 162,000.
  • The property is approximately 1 mile from the town centre close to the junction with the A4, Bath Road

Additional Notes

  • Let to Tesco Stores Limited for 20 years from 23rd June 2011 at a current passing rent of £67,857.14 p.a +VAT.
  • Reviews to RPI with 4% and 1% cap and collar.
  • Tenant break option at end of years 10 and 15. (June 2021 break not exercised).

Features

£1m - £5m
Blue-chip tenant
Customer car parking
Finance available

Current Opportunities

Current Opportunity

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Iceland, Houghton-Le-Spring

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