Supermarket CO-OP FOOD in West London for Sale, 15 Year Lease Agreement
Property type: supermarket
Purchase of the project of rental business
Tenure: 999-year long leasehold
Completion: Q3 2023
Lettable area: ca. 400 m2
Location: West London, UK
Anchor tenant: CO-OP 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: offers in excess of 2,300,000 GBP
(+ closing costs)
Rental Income: ca. 110,000 GBP per annum
(+ indexation linked to inflation)
Net Yield: 4.5%
