Shopfront Properties for sale in March, UK

Commercial Property in March available for sale

Shopfront Properties for Sale Within 10 miles of the March, UK

More details for Fenland Way, Chatteris - Retail for Sale

Tesco / Poundstretcher - Fenland Way

Chatteris, PE16 6RT

Retail for Sale
£25,000,000
47,060 sq ft

Security System

Chatteris Retail for Sale

This investment opportunity comprises a modern, fully-let Tesco foodstore in Chatteris, Cambridgeshire. The property occupies a prominent location on the A141 Fenland Way, just 0.5 miles from the A141/A142 junction, ensuring strong regional connectivity to Cambridge, Peterborough, and the wider East of England. The freehold asset extends to 4.94 acres and includes a large-format foodstore with 321 car parking spaces, resulting in a low site coverage of approximately 21.9 percent. The property is the dominant food retail destination in Chatteris, with the only competing store being a smaller Aldi unit approximately 0.6 miles away. Secured by a 25-year lease to Tesco Stores Limited commencing September 2014, the investment benefits from 13.5 years remaining with upward-only RPI-linked rent reviews capped and collared between 0% and 5%. The current rent passing is £1,538,521 per annum. Tesco plc is the UK’s largest grocery retailer with over 3,800 UK stores, a 28.5% market share, and a proven track record of financial resilience. This offers investors strong covenant security alongside consistent income growth potential. The property also presents future value-add opportunities, with scope for developing a drive-thru or EV charging facilities on the surplus land, subject to planning.