Basic Facts
Property ID:
14757
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Brochure Link:
Click For Brochure
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Post Updated:
2024-03-18 13:00:20
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Status:
Available
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Type:
Supermarket
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Tenure:
Virtual Freehold
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Area:
5326 sq ft
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Gross Rent:
£ 130,000
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Lease Term:
15 years from June 2021
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Lease Term Expiry Date:
25/07/35
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Years left on Lease:
11.2
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VAT applicable:
Yes (TOGC Available)
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Property Description
- 999 year leasehold supermarket investment.
- Newly built development c.2021 on the Crosse & Blackwell factory consisting of 406 apartments.
- Prominent corner position 5,326 sq.ft. (494.8m2) convenience foodstore arranged over ground floor only.
- Highly affluent Zone 2 location of Bermondsey, London
Location Description
- The subject property is situated on Crimscott Street in Bermondsey
- Located in the London Borough of Southwark and the SE1 postcode
- Zone 2 Location with Several stations within close distance
Tenancy & Additional Notes
- Ground floor unit let to Co-Op from June 2022 for 15 years at a passing rent of £130,000.
- Rent is reviewed every 5 years based on CPI compound annual indexed uplifts (1% – 3% p.a.).
- Undoubted covenant of Co-operative Group Food. UK’s fifth biggest food retailer with more than 2,500 stores within the UK.
Features
£1m - £5m
Blue-chip tenant
Finance available
New Development
No Break clauses
Suitable for a SIPP
Virtual Freehold