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78,000
55,000
117,000
Rent review basis
Annual RPI
Annual RPI
Annual RPI
Annual RPI
Next rent review
September 2018
December 2018
March 2018
March 2018
Rent review collar
3% cap, 1% floor
4% cap, 0% floor
4% cap, 0% floor
5% cap, 0% floor
Lease expiry
September 2038
December 2029
March 2031
August 2040
Sainsbury's, Ashford
A modern Sainsbury's store comprising 125,000 sq. ft. situated on 17 acres in Ashford, Kent
which was acquired by the Group in August 2017 for £79.8 million, reflecting a net initial
yield of 4.5%. The site has more than 700 parking spaces and a petrol filling forecourt. The
property is leased to Sainsbury's under annual, upward only, RPI-linked (capped and
floored) rent reviews on full repairing and insuring terms with the first break being at the time
of lease expiry in September 2038.
Sainsbury's first developed this site in the early 1990's and the store has since benefited
from significant capital investment from the tenant. Sainsbury's undertook a major extension
and refurbishment of the entire site in 2011. This 17 acre site is ideally located to serve the
ever growing Ashford population, located in close proximity to the town centre and directly
adjacent to the M20 and a major leisure park. With a low site cover ratio of circa 17%, the
site could be developed to add additional retail or residential units subject to planning
permission.
This store plays an important role in Sainsbury's online fulfilment network in the South East.
Tesco, Thetford
A Tesco Superstore comprising 78,000 sq. ft. on a 10.4 acre site with more than 500
parking spaces and a petrol filling forecourt. The Group acquired the property in August
2017 for £43.2 million, reflecting a net initial yield of 5.6% taking into account the agreed
RPI-linked rent review in December 2017.