Morrisons M Local, Oval, Greater London
Unit 2 Cromwell Road, Myatts Field, Oval, London, SW9 6SEBasic Facts
| Property ID: 4470 | Post Updated: 2019-06-24 10:41:32 |
| Status: Acquired | Type: Supermarket |
| Tenure: Long Leasehold | Gross Rent: £ 50,000 |
| Lease Term: 15 years from 2015 |
Property Description
- Long leasehold blue-chip convenience store investment
- Ground floor supermarket recently fitted out with prominent corner frontage
- There is parking for several cars on Cromwell Road
Location Description
- The property is located a 5 minute walk from Oval underground station, in the London Borough of Lambeth
- The property occupies a prominent corner location in a predominantly residential area
- Central London is just 3 miles north
Additional Notes
- The property (ground floor only) is held on a 125 year lease
- It is let to WM Morrisons Convenience Stores Ltd (guaranteed by WM Morrisons Supermarkets Plc) for £50k p.a. on a 15 year FR&I lease from 2015 with a break after 10 years
- 5 yearly rent reviews are inflation-linked
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Lease term: 10 - 15 years
Minimum Rental Uplifts
