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
- 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.