Tesco Express Investment , Bruce Street, Lochmaben, Lockerbie, Dumfries and Galloway, DG11

Property Details: • Type: 3,750 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Located in the popular tourist location of Lochmaben - a small town with illustrious Royal history • Prominent roadside position fronting the A709 • Newly developed convenience store which completed in October 2024 • Undoubted income - let to Tesco Stores Limited • New 15 year lease from 24 October 2024 without breaks at a rent of £60,000 per annum • Rent reviewed, 5 yearly, to RPI (on a compounded basis), with a collar and cap of 1% & 3% respectively • Provides the main convenience retail offering for the area. No competition from other convenience store operators. • 2 EV chargers on site - let to Zapgo on a 20 year lease with a 15 year break option, at a rent of £4,000 per annum • Total income of £64,000 per annum • Strategic acquisition by Tesco to sit between two larger stores of Lockerbie and Dumfries

Location: • Nearest Station: Lockerbie Station • Distance to Station: 3.7 miles

Agent Information: • Address: Suite A11 Dean Street Newcastle Upon Tyne NE1 1LE

Full Description: For Sale - Newly built, convenience store investment let to Tesco {15 years with RPI Linked rent reviews}.£1,150,000 reflecting a Net Initial Yield of 5.26%.