Description.
Dominant and well established convenience store, strategically located in close proximity to London Luton Airport.
The property is entirely let to Tesco Stores Limited who hold a 27% market share of grocery stores in Great Britain.
London Luton Airport served over 13 million passengers in 2022.An attractive unexpired term of 10.5 years.
The property comprises a stand alone convenience store of3,216 sq ft (298.77 sq m) and dedicated car park, on a site of0.7 acres.
Freehold.
Annual income of £64,351.86 per annum exclusive, assuming vendor tops up to the projected level at review in 2024.5 yearly RPI linked rent review compounded annually with a 0%collar and 4% cap.