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Letting to Tesco Express at new Nascot Grange campus, Watford

wantspacegotspace.co.uk -  Letting to Tesco Express at new Nascot Grange campus, WatfordThe Hemel Hempstead office of Aitchison Raffety, the commercial property specialists across Hertfordshire and the surrounding counties has completed the letting of a new Tesco Metro store on behalf of CALA (Southern) Ltd.  

The unit was built as part of a 4 storey block of flats and a retail unit, and was pre-let to Tesco Express in 2010 but the lease has only just completed as the block took 3 years to build out as part of the major redevelopment of the former West Herts Cassio College campus, with 223 new homes.

The store totals 3,850 sq.ft and was let as a bare shell on a new 15 year lease with a 10 year tenant only break clause. The commencing rent is £50,000 p.a. and is subject to 5 yearly RPI rent reviews. Tesco Express were represented by Brasier Freeth.

Posted by The Editor (wantspacegotspace) on 15th October 2013

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