Xavier Pullen’s View: Sainsbury’s Local, Royal Leamington Spa

17th January 2018

Capital at risk: before investing please read Key Risks. Past performance is not a reliable indicator of future performance.

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.

Key Stats

  • Dividend yield: 4.7%
  • Purchase price: £1,325,000
  • Gearing: 50%

    • Composition

  • Freehold
  • 4,000 sq ft new build retail unit
  • 20 year FRI lease

    • Detail

  • Central location in Cubbington village
  • 12 car parking spaces
  • Built-in cashpoint


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    Important notice: Capital at risk. The value of your investment can go down as well as up. The Financial Services Compensation Scheme (FSCS) protects the cash held in your Property Partner account, however the investments that you make through Property Partner are not protected by the FSCS in the event that you do not receive back the amount that you have invested. Forecasts are not a reliable indicator of future performance. Gross rent, dividends and capital growth may be lower than estimated. 5 yearly exit protection or exit on platform subject to price & demand. Property Partner does not provide tax or investment advice and any general information is provided to help you make your own informed decisions. Customers are advised to obtain appropriate tax or investment advice where necessary. Before investing please read Key Risks. Past performance is not a reliable indicator of future performance.
    Financial promotion by London House Exchange Limited (8820870); authorised and regulated by the Financial Conduct Authority (No. 613499).