Freehold Property to buy in Hawkhurst

Key points

• Hawkhurst is an affluent parish in the borough of Tunbridge Wells in Kent, close to the border with East Sussex.
• Purpose-built supermarket extending to 14,282 sq ft GIA with 64 customer car parking spaces, reflecting a ratio of 1:223 sq ft.
• Recently regeared, let to Waitrose Limited until March 2041, providing approximately 15 years unexpired.
• Low rebased passing rent of £221,000 per annum, equating to £16.57 psf based on the landlord accommodation (or £15.47 psf inclusive of tenant alterations).
• 5-yearly CPI linked reviews, subject to a collar and cap of 1% - 4% per annum (cumulative increase collared at 105.10% and capped at 121.67% for each review).
• Limited local foodstore competition with proven alternative food retailer demand.
• Freehold. 1.36 acres, reflecting a low site coverage of c. 24%.