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Co-op Food, Chertsey, Greater London

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Basic Facts

Status: Type: Tenure: Freehold Gross Rent: £ 85,000
Lease Term: 15 yrs from Jun '16 VAT applicable: Yes

Property Description

  • Freehold, Blue-Chip Convenience Store Investment
  • Ground Floor recently refurbished retail unit, circa 3,150 sq. ft with ancillary space on the first floor
  • Car Park is to the rear for 7 vehicles

Location Description

  • Chertsey is part of the London commuter belt in the outermost part of the Greater London Urban Area and is served by Chertsey railway station.
  • Chertsey is 29 kilometres (18 mi) from London, 2.5 kilometres (1.6 mi) from Addlestone, and 17.6 kilometres (10.9 mi) from Guildford
  • The property is in an affluent residential suburb within London’s M25 with a population of approx 16,000.

Additional Notes

  • Whole building let to Southern Co-Operative Ltd for 15 years FRI from June 2016 at passing rent of £85,000
  • 5 yearly rent reviews linked to RPI – cap & collar of 1 & 4%

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