Tesco Express, Bowerham Road, Lancaster, LA1 4DT
Bowerham Road, Bowerham, Lancaster, Lancashire, England, LA1 4HT, United Kingdom
Available
£2,283,500
Description
INVESTMENT HIGHLIGHTS
• Prominent convenience store investment.
• Located on the busy Bowerham Road, adjacent to landmark
Bowerham Hotel.
• Brand new convenience store extending to 4,370 ft² (406 m²) together with
19 car parking spaces.
• Let to the unrivalled covenant of Tesco Stores Ltd, comfortably the UK’s
largest supermarket chain (by market share) and Zest Eco
and InPost (Lockers).
• Tesco Stores Ltd – Turnover £49.25bn (Feb 2024) per annum.
• New FRI leases on unbroken terms of 5 to 25 years.
• Initial combined rental of £121,500 per annum.
• Tesco Stores Ltd £110,000, Zest Eco £10,000 and InPost £1,500.
• Excellent income profile with the rents linked to CPI
(Tesco income profile collared and capped at 1% and 4%).
• Rent commencement February 2026.
More information
- Price: £2,283,500
- EPC: To be appraised
- Tenure: Freehold
- AML: In accordance with AML Regulations in the UK two forms of identification and confirmation of the s
- VAT: The property is VAT registered therefore VAT will be payable on the purchase price unless the transaction is instead treated by way of a Transfer of a Going Concern (TOGC).
