Sainsbury’s Local, Royal Wharf, Greater London
11 Royal Crest Avenue, London, E16 2PGBasic Facts
| Property ID: 11643 | Post Updated: 2019-12-09 17:22:55 |
| Status: Acquired | Type: Supermarket |
| Tenure: Leasehold | Area: 4000 sq ft |
| Gross Rent: £ 102,986 | Lease Term: 15 yrs from Nov '17 |
| Lease Term Expiry Date: 01/04/33 | Years left on Lease: 8.9 |
Property Description
- Virtual Freehold Blue Chip Supermarket Investment.
- Comprising 4,000 sq ft
Location Description
- Royal Wharf is located in Zone 3, close to London City Airport & Excel arena with fast access into central London via DLR
Additional Information
- Current rent is £102,986 rising to £110,908 in Novemeber 2020.
- No other supermarket can take retail space in Royal Wharf, which the development has circa 3,500 flats.
Features
£1m - £5m
Attractive property
Blue-chip tenant
Finance available
Lease term: 10 - 15 years
Suitable for a SIPP
Virtual Freehold
