Tesco, Shepherds Bush
Tesco Express, 31 Uxbridge Rd, London W12 8LH, UKBasic Facts
| Property ID: 17973 | Brochure Link: Download Brochure |
| Post Updated: 2024-02-06 15:14:43 | Status: Available |
| Type: Supermarket | Tenure: Virtual Freehold |
| Area: 3800 sq ft | Gross Rent: £ 120,000 |
| Gross Yield %: 5.5 | Lease Term: 30 Years From April 2009 |
| Lease Term Expiry Date: 16/04/39 | Years left on Lease: 14.9 |
| VAT applicable: Yes (TOGC Available) |
Property Description
- Virtual freehold (999 years) supermarket investment.
- Retail unit of c.3,800 sq ft arranged over 2 floors.
- This Victorian end of terrace building was previously home to the historic chain Blockbuster.
- Potential to re-develop in the future (subject to necessary consent).
Location Description
- Fronting Uxbridge Road, The immediate location is surrounded by a mix of retail and residential.
- Uxbridge Road is a major thoroughfare that cuts through Shepherds Bush and serves as a hub for various activities.
- Shepherd’s Bush is a district of west London, England, within the London Borough of Hammersmith and Fulham.
- It is well-connected both by public transport and road networks.
- Shepherds Bush is known for its diverse and multicultural population, reflecting the broader demographic trends of London.
- The property is a short walk from the well-known Shepherds Bush Market, nearby are a number of well-regarded independent and national retailers.
Additional Notes
- The property is let on a FRI lease to Tesco Stores Limited on a re-geared lease for a term of 30 years expiring 16th April 2039 (15.3 years unexpired).
- Rent of £120,000 p.a.
- The rent is reviewed every 5th year based on CPI, compounded annually subject to a collar of 1% and cap of 3%.
Features
£1m - £5m
Attractive property
Blue-chip tenant
Lease term > 15 years
No Break clauses
Prime location
Virtual Freehold
West London
