Co-op Food, Canary Wharf, Greater London
Canary Central, Cassilis Road, Isle of Dogs, E14 9LQBasic Facts
| Property ID: 4517 | Brochure Link: View Brochure |
| Post Updated: 2020-06-04 14:15:21 | Status: Sold |
| Type: Supermarket | Tenure: Leasehold |
| Area: 3934 sq ft | Gross Rent: £ 105,608 |
| Gross Yield %: 5.5 | Lease Term: 15 years from Oct '15 |
| Lease Term Expiry Date: 20/10/30 | Years left on Lease: 6.5 |
| VAT applicable: Yes |
Property Description
- Virtual Freehold (999 years) blue-chip convenience store investment
- Forms part of a substantial 406 unit residential development built in 2005
- The ground floor unit measures approx 3,934 sq ft
Location Description
- Located at South Quay immediately south of Canary Wharf.
- The Canary Wharf estate is London’s premier financial district, with the surrounding area comprising premium residential accommodation for many of the professionals who work in Canary Wharf
Additional Notes
- New 15 year FR&I lease from late 2015 to Co-Op Food with a guarantee from Co-operative Group Food Ltd for £90,376 p.a.
- Fixed annual rental increases of 2.25% p.a.
- The unit previously traded as a Nisa Local convenience store
Features
£1m - £5m
Blue-chip tenant
Finance available
Lease term: 10 - 15 years
Minimum Rental Uplifts
No Break clauses
Prime location
Suitable for a SIPP
Virtual Freehold
