SAINSBURYS ASHFORD

August

INDEX REFERENCE MONTH

3% Cap - 1% Floor

RENT REVIEW COLLAR

Sep 2038

LEASE EXPIRY

£80.0m

PURCHASE PRICE

£3.8m

PASSING RENT

Annual RPI uplift

RENT REVIEW BASIS

Sep 2018

NEXT RENT REVIEW

1/1

Address

 

Simone Weil Ave, Ashford TN24 8YN

A modern Sainsbury's store comprising 125,000 sq ft situated on 17 acres in Ashford, Kent. The site has more than 700 parking spaces and a petrol filling forecourt. The property is leased to Sainsbury's under annual, upward-only, RPI-linked (capped and floored) rent reviews on full repairing and insuring terms with the first break expiring in Dec 2038.

Sainsbury’s first developed this site in the early 1990’s and the store has since benefited from significant capital investment from the tenant. Sainsbury's undertook a major extension and refurbishment of the entire site in 2011. This sizable 17 acre site is ideally located to serve the ever growing Ashford population, located in close proximity to the town centre and directly adjacent to the M20 and a major leisure park.

Supermarket Income REIT acquired the property in August 2017 for £80.0 million, reflecting a net initial yield of 4.5%.

123 Victoria Street, London, SW1E 6DE

Telephone: +44 20 3790 8087,  Email: contact@atratocapital.com

ABOUT

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term inflation-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

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GOVERNANCE

Supermarket Income REIT Plc is a proud member of the Association of Investment Companies implementing the principles and recommendations of the AIC’s Code of Corporate Governance.

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