IRVINE

3 Dec

Prominent neighbourhood retail scheme anchored by Tesco Express within Montgomerie Park - a new build housing estate.

Prominently located on Turnpike Lane, within the heart of Montgomerie Park, a substantial residential development comprising approximately 1,000 new homes together a new primary school adjacent.
Brand new convenience store extending to approximately 4,000 sq. ft (371M2), additional retail of 3750 sq. ft (348m2) together with 30 on-site car parking spaces.
Let to the unrivalled covenant of Tesco Stores Limited, the UK’s largest supermarket chain by market share, alongside Zest ECO, InPost, Royal Mail lockers. Additional retail occupiers to include Indigo Sun, Speed Queen Launderettes, local fast food and pharmacy.
Tesco Stores Limited turnover of £50.84 billion for the year ending February 2025, up from £49.25 billion in February 2024.
Benefit of a new, unbroken 15-year FRI lease to Tesco Stores Limited.
Rent commencement: September 2026
Total initial combined rental income of £238,600 per annum.
- Tesco Stores Ltd - £125,000
- Additional Retail - £110,000
- Zest Eco - £6,000
- InPost Lockers - £1,600
- Royal Mail Lockers - £1,000

Price £3,520,000

Start on Site March 2026

Yield 6.50 % (after 6.41% costs)

Anticipated Completion Date September 2026

Carissa Dedross

BATHGATE