Property Detail

Supermarket BUDGENS in Greater London for Sale, 10 Years to Expiry, Virtual Freehold

Supermarket BUDGENS in Greater London for Sale, 10 Years to Expiry, Virtual Freehold

Property type: supermarket
Purchase of established rental business

Tenure: 999-year virtual freehold

Location: Greater London, UK

Anchor tenant: Budgens (supermarket chain)

Occupancy: 100%

Remaining lease term: 10 years

Possibility of renewal: YES
Rent Review: YES

Full Repair and Insure Lease (FRI lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Purchase price: offers in excess of 3,200,000 GBP

(+ closing costs)

Rental Income: 171,250 GBP per annum
(+ indexation linked to inflation)

Yield: 5.4%

Property Contact

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http://www.brantstone.com/property/retail-property-for-sale-in-greater-london-uk-02023494 02023494 Supermarket BUDGENS in Greater London for Sale, 10 Years to Expiry, Virtual Freehold