1m - 5m, Blue-chip tenant, Finance available, Good location, Lease term: 10 - 15 years, Lock Up investment, No Break clauses, Suitable for a SIPP, Upwards Only Rent Reviews
Virtual Freehold Blue-Chip, Supermarket & Restaurant Investment. Comprising 3 ground floor retail units, configured as: Tesco - 4,249 sqft, Papa Johns 1,075 sqft and Subway 571 sqft
Ipswich, the county town of Suffolk, is situated some 75 miles north-east of London at the junction of the A12 and A14 trunk roads and serves a population of some 133,000. Ipswich has undergone extensive rebuilding, principally around the waterfront, which has turned a former industrial dock area into an emerging residential and commercial centre. The immediate location comprises new build residential blocks with commercial on the ground floors, and is a few minutes walk from the University of Suffolk
The property is held on 999 year lease at peppercorn The ground floor is let to Tesco for 90,000 p.a. FR&I for 15 years (no breaks) from December '17 Rent reviews are 5 yearly and subject to open market rents, capped at 12.5% Tesco have sublet part to Papa Johns and Subway
Property reference: 2e63514a339e258e689a7870ea34707a
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