NEWMARKET – TESCO
84/86 High Street, Newmarket, CB8 8JX
Prime Long Dated Freehold VAT-Free Retail Investment
Tesco Stores Ltd (underlet to YMCA)
The property has the following key attributes that we would like to draw to your attention:
- Newmarket is a busy East Anglian market town
- Prime retailing location
- Well secured to a blue chip supermarket covenant
- Rare long term expiring July 2034
- Asset management opportunities
- Non VAT- rated
Our clients have instructed us to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest in the property. A purchase at this price would show an investor an attractive net initial yield of approximately 7.15% assuming standard purchaser’s costs.
