Freehold Blue-Chip Supermarket Investment in London.
The property comprises a corner ground floor and basement convenience store (5,140 sq ft) as part of a 3 storey building, the upper floors comprise 6 residential units which are being sold separately.
Property benefits from car parking spaces.
Location Description
Oxted is a prosperous Surrey town with excellent train links to Central London (fastest journey 28 minutes).
The substantial building is opposite the station which has 30 min trains into London.
Tenancy
Sainsbury’s Supermarkets Ltd are to enter into a new 15 year lease over the ground floor and basement. The commencing rental of £65,000 pax is to be subject to 5 yearly CPI linked rent reviews, compounded to the fifth year and collared at 1% and capped at 3% and the Tenant is to benefit from a Tenant break option upon expiry of the tenth year.