An EPIC Buy To Let: Be Tesco’s Landlord!

26 Jun

Love ’em or hate ’em – you’ve got to admit being a landlord to Tesco’s, THE leading retailer in the UK, and the third largest in the world, is going to have some upsides. I doubt you’ll be able to to get any free grub or extra clubcard points, but Every Little Helps!

Being a successful landlord is all about picking decent tenants and as far as Tesco’s go – given they have a reported turnover of £41.981bn, a pre-tax profit of £2.126bn, shareholders’ funds £7.048bn and a net worth of £6.894bn (year ended Feb 2012) they sound like they will be able to make the monthly rent.

So how can you buy a piece of the Tesco Property Pie?

“YCDBSOYA” would be what Jack Cohen, the founder of Tesco’s would say – which is: “You Can’t Do Business Sitting On Your Arse”

So, on that note – get off your arse and get down to the auction room where these Tesco stores will soon be going under the hammer!

Tesco’s Lincoln, 156-158 Newark Road, Lincolnshire, LN5 8QJ

Guide: £550-£600k

tesco for sale

Let to TESCO STORES LTD for a term of 20 years from 28th January 2010 at a current rent of £44,000 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term capped to 4% per annum and contains full repairing and insuring covenants.

The property is arranged on ground floor only to provide a modern purpose built detached convenience store which benefits from an attractive full width glazed frontage and on-site car parking for 7 cars. There is an ATM to the northern end of the building and an enclosed yard to the rear.

For more info: Allsop

Tesco’s Barrow-in-Furness, Abbey Road, Cumbria, LA14 1AA

Guide: £625-675k

Tesco for sale

Let to TESCO STORES LTD for a term of 20 years from 10th July 2012 at a current rent of £53,000 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term linked to RPI (minimum increase 1% and maximum 4%) and contains full repairing and insuring covenants.

The property is arranged on ground floor only to provide a recently fitted convenience store with surfaced car parking to the side for a total of 15 cars.

For more info: Allsop

Tesco’s Chesterfield, Old Whittington, Derbyshire, S41 9LQ

Guide: £575-600k

tesco for sale

Let to TESCO STORES LIMITED for a term of 20 years from June 2013 at a current rent of £44,000 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term by reference to RPI, with a “collar and cap” at 0% and 4% respectively. The lease contains repairing and insuring covenants.

The property is arranged on ground and one upper floor together with single storey rear extension, formerly a public house, now refurbished to provide a ground floor convenience store with ancillary accommodation over. To the side is car parking for some 20 cars.

For more info: Allsop

Tesco’s Winterton, King Street, Lincolnshire, DN15 9RN

Guide: £540-560k

tesco for sale

Let to TESCO STORES LIMITED for a term of 20 years from 25th April 2013 at a current rent of £42,500 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term by reference to RPI with a “collar and cap” at 0% and 4% respectively and contains repairing and insuring covenants.

The Grade II Listed property is arranged on ground and one upper floor, formerly a public house, shortly to be refurbished by the tenant to provide a ground floor convenience store with ancillary accommodation over. To the rear and side of the property is customer car parking for some 13 vehicles.

For more info: Allsop

Tesco’s Liverpool, 650 Longmoor Lane, Merseyside, L10 9LA

Guide: £600k plus

tesco for sale

Let to TESCO STORES LTD for a term of 20 years from completion at a current rent of £45,000 per annum, exclusive of rates and service charge. The lease provides for annually compounded rent reviews linked to RPI every fifth year of the term (subject to minimum uplifts of 1% and maximum 4%) and contains full repairing and insuring covenants.

This newly built property is arranged on ground and one upper floor to provide a ground floor convenience store with ancillary accommodation to the first floor. The property benefits from a goods lift between both floors and 14 car parking spaces.

For more info: Allsop

Auction day is July 9th – so be quick if you to be a Happy Shopper!

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