Tesco Supermarket, Lincolnshire

Leased on a 25 year lease to Tesco Stores Limited, with 10 years until the first break opportunity, and RPI rental uplifts.

We moved quickly on behalf of, and alongside, a large family office investor to secure this property during the early stages of the Covid pandemic in April 2020.

By moving quickly and committing our own capital towards securing the deal, we were able to agree an attractive price which has subsequently been upwardly valued by the lender’s own valuation by some £1.2m+.
Since acquisition, our investor has enjoyed a quarterly, double-digit, cash distribution alongside the potential for further capital uplift upon delivery of our business plan.