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Family trust acquires Sainsbury’s foodstore

Ottery St Mary

A family trust client has agreed the sale and leaseback of a Sainsbury’s foodstore in Ottery St Mary, Devon.

Family trust acquires Sainsbury’s foodstore

Ottery St Mary
Acquisition
£16.1 million
Completed

The store is located in the centre of the town on Hind Street and extends to some 34,278 sq ft with a total of 124 car parking spaces.

The property was acquired for £16.1 million and will be leased back to Sainsbury’s on a 25 year lease with annual rent reviews geared to the Retail Prices Index.