Description.
The property is let to Sainsbury’s Supermarkets Limited,
for a term of 20 years from 7th June 2013 expiring 6th June 2033. The lease is
subject to five yearly index linked uplifts geared to RPI, collared at 2% and
capped at 4%. The current passing rent is £148,156 per annum. Sainsbury’s
recently agreed to remove the June 2023 break option, highlighting their
commitment to the location.