Basic Facts
Property ID:
5057
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Post Updated:
2019-06-24 10:41:20
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Gross Rent:
£ 85,000
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Lease Term:
15 yrs from Jun '16
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VAT applicable:
Yes
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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%
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Lease term: 10 - 15 years
Minimum Rental Uplifts
New Development
No Break clauses
Suitable for a SIPP