Co-op Food, Bermondsey
Crimscott St, London SE1 5TE, UKBasic Facts
| Property ID: 14757 | Brochure Link: Click For Brochure |
| Post Updated: 2023-11-13 13:34:07 | Status: Available |
| Type: Supermarket | 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: 11.7 | 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
