Virtual Freehold Blue-Chip Convenience Store i nLondon
Forming part of a residential development built in 2015 comprising a Ground Floor Supermarket with a prominent window frontage.
Total area approx. 3,935 sq ft.
Location Description
Occupying a prominent position at the junction with Station Road, in this retail parade serving this busy mixed commercial and residential area, located approximately 7 miles north of central London.
New Southgate enjoys excellent road access via the A406 (North Circular Road) and is well served by public transport with New Southgate Station (National Rail) located opposite.
Additional Notes
Virtual Freehold with leasehold for 999 years from 21st April 2015 at a peppercorn ground rent.
The property is let to Co-operative Group Food Limited is a wholly owned subsidiary of Co-operative Group Limited which has 3,750 outlets, on a FR&I lease by way of service charge (capped at £2,000 per annum with annual RPI reviews) for a term of 15 years from 20th April 2015 at a current rent of £75,000 per annum exclusive.