Investment Summary

Tesco Express, 170 Whippendell Road, Watford, Hertfordshire WD18 7NB

  • Tesco supermarket investment  
  • Let to Tesco Stores Limited expiring November 2023 (5.6 years unexpired)
  • Current topped up rent of £58,400 per annum (February 2018 RPI index figures)
  • 5 yearly uncapped RPI reviews (next due November 2018)
  • ERV of £59,466 per annum (November 2018) assuming 3% per annum growth
  • 999 year long leasehold at a peppercorn
  • Offers in the region of £935,000 (STC)
  • Net Initial Yield of 5.91%, Reversionary Yield of 6.02% in November 2018
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