Property Detail

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Supermarket SAINSBURY’S in Greater London for Sale, 11 Years to Expiry

Property type: supermarket
Purchase of established rental business

Tenure: 995-year long leasehold

Location: Greater London, UK


Lettable area: ca. 450 m2

Anchor tenant: SAINSBURY’S (supermarket chain)

Remaining lease term: ca. 11 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 1,725,000 GBP
(+ closing costs)

Rental Income (from June 2020): 97,850 GBP per annum
(+ indexation linked to inflation)

Yield: 5.7%

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http://www.brantstone.com/property/supermarket-for-sale-in-london-uk-02020295 02020295 Supermarket SAINSBURY’S in Greater London for Sale, 11 Years to Expiry