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Co-op Food, Bermondsey

Crimscott St, London SE1 5TE, UK

Basic Facts

Property ID: 14757 Brochure Link: Click For Brochure
Post Updated: 2024-03-18 13:00:20 Status:
Type: Tenure: Virtual Freehold
Area: 5326 sq ft Gross Rent: £ 130,000
Lease Term: 15 years from June 2021 Lease Term Expiry Date: 25/07/35
Years left on Lease: 11.2 VAT applicable: Yes (TOGC Available)

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

View on Map

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