Xavier Pullen is our Director of Commercial Property. In this video he shares his view on this Sainsbury’s Local in Royal Leamington Spa – and why the Property Team has chosen this investment opportunity.
New build retail unit in Royal Leamington Spa
This new-build, single storey 4,000 sq ft retail unit is Located in Cubbington in Royal Leamington Spa. The property is let to Sainsbury’s Supermarkets Limited until July 2037 for an initial rent of £70,000 per annum, forming a Sainsbury’s Local convenience store, currently one of Sainsbury’s best-performing store formats.
The property is in the centre of Cubbington village, serving over 3,900 residents. It offers 12 parking spaces and is ideally-placed to provide local residents with day-to-day essentials. The family-friendly Rugby Tavern pub is directly adjacent, as well as a parade of shops opposite and a cash machine built into the front, delivering strong levels of consistent footfall and therefore continued demand for the store.
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