Tesco Convenience Store Investment

Peill & Company have been instructed in the sale of a convenience store investment let to Tesco Express on a new 20 year lease from July 2012 at 53,000 p.a. at an asking price of 770,000, representing an attractive 6.5% net initial yield. The 4,000 sq ft unit is currently being fitted out by Tesco as a Tesco Express and comprises part of the former Hitchins store in a prominent position at the junction of Abbey Road and Rawlinson Street, opposite Barrow Central Railway Station. The remaining 3,000 sq ft of space within the development is available to let through Peill and Company in units from 1,000 sq ft upwards.

Further information available from Simon Adams simon@peill.com