Co-op Food, Croxley Green, Greater London
189/191 Watford Road, Croxley Green, Rickmansworth, WD3 3EDBasic Facts
| Property ID: 5192 | Post Updated: 2019-06-24 10:41:17 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Gross Rent: £ 65,000 |
| Lease Term: 15 years from Sept '17 | VAT applicable: Yes |
Property Description
- Freehold, Blue-Chip Convenience Store Investment in Greater London
- Ground floor retail unit of circa 3,000 sq ft & 11 flats above sold off on long leases
- The commercial unit includes 13 parking spaces
Location Description
- Croxley Green is adjacent to Rickmansworth, a prosperous and highly sought-after residential suburb which lies approx. 15 miles north-west of Central London and 2 miles to the M25 motorway
- Train services are currently provided by the Watford branch of the London Underground Metropolitan line from Croxley station. The journey is 40 – 45 minutes to Baker Street; 60 minutes to Aldgate in the City of London.
- The property is located on Watford Road, which joins Croxley Green with Watford, next to a Shell petrol station and several local commercial occupiers.
Additional Notes
- Ground floor retail unit let to Cooperative Group Food Ltd for 15 years (10 year break option) from Autumn 2017 for £65,000 p.a FR&I
- 11 flats sold off on 125 year leases for a total of £4,400 p.a.
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Ground Rent investment
Lease term: 10 - 15 years
Minimum Rental Uplifts
New Development
