Supermarket Income Reit buys Tesco site for £54m
By Frank Prenesti
Date: Monday 14 Jul 2025
(Sharecast News) - Supermarket Income REIT said it had bought a Tesco supermarket in Ashford, Kent, for £54.1m at a net initial yield of 7%.
The store comprises a 93,000 sq ft gross internal area omnichannel supermarket and a petrol filling station, situated on an 8.2 acre site.
Tesco has traded from the site for more than 30 years and uses the store as an online fulfilment hub with 14 home delivery vans, as well as offering click & collect services. The store is being acquired with an unexpired lease term of nine years with annual RPI-linked rent reviews, subject to a 5% cap and a 0% floor.
Reporting by Frank Prenesti for Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN