Freehold Property to buy in Cheshunt

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.