Property Detail

Supermarket THE CO-OPERATIVE FOOD in North West London for Sale, 15 Year Lease Agreement

Supermarket THE CO-OPERATIVE FOOD in North West London for Sale, 15 Year Lease Agreement

Property type: supermarket
Purchase of established rental business

Tenure: 999-year virtual freehold

Location: North West London, UK


Lettable area: ca. 380 m2

Anchor tenant: The Co-operative Food (supermarket chain)

Occupancy: 100%

Lease Agreement term: 15 years (with no tenant’s break option)

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: 2,150,000 GBP
(+ closing costs)

Rental Income: 105,000 GBP per annum
(+ indexation linked to inflation)

Yield: 4.9%

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http://www.brantstone.com/property/supermarket-for-sale-in-london-uk-02023364 02023364 Supermarket THE CO-OPERATIVE FOOD in North West London for Sale, 15 Year Lease Agreement