Property Detail

Supermarket CO-OP FOOD in Greater London for Sale, Lease Agreement Until 2038

Supermarket CO-OP FOOD in Greater London for Sale, Lease Agreement Until 2038

Property type: supermarket
Purchase of established rental business

Tenure: freehold

Location: Greater London, UK


Building size: ca. 1,500 m2

Anchor tenant: Co-op Food (supermarket chain)

Occupancy: 100%

Lease Agreement ends: 2038 (with tenant’s break option in 2030)

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: 7,275,000 GBP
(+ closing costs)

Rental Income: 387,600 GBP per annum

(+ indexation linked to inflation)

Yield: 5.3%

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http://www.brantstone.com/property/retail-real-estate-for-sale-in-london-united-kingdom-02023647 02023647 Supermarket CO-OP FOOD in Greater London for Sale, Lease Agreement Until 2038