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Tesco Express - Cheshunt Cheshunt, EN8 9AW

4,024 sq ft

Freehold Property to buy in Cheshunt

Greater London Tesco Convenience Store Investment 15 Years Unexpired and CPI Linked Lease

Key points

  • Cheshunt is a popular and growing North London commuter location, 15 miles north of Central London.
  • Exceptionally affluent catchment.
  • Virtual Freehold on a new 999-year lease, at a peppercorn rent.
  • Newly purpose-built convenience store extending to 4,024sq ft with 2 car parking spaces.
  • Agreement for lease entered with Tesco Stores Limited until 2038, providing an unexpired term of 15 years.
  • Income benefits from guaranteed rental growth with five yearly CPI rent reviews (annually compounded) collared and capped at 1-3% per annum.
  • Affordable, low passing rent of£90,000 pa, reflecting £22.36psf.

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