Basic Facts
Property ID:
3542
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Post Updated:
2019-06-24 10:41:45
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Status:
Acquired
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Type:
Supermarket
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Tenure:
Freehold
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Gross Rent:
£ 65,068
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Lease Term:
20 years from Jan 2011
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Property Description
- Freehold blue-chip convenience store investment and residential ground rent in Greater London.
- The property comprises a modern, mixed use residential and retail development.
- On the ground floor there is a lock up retail unit with excellent frontage on to Lewisham High Street and Whitburn Road.
- The upper floors comprise a new build block of 40 residential apartments, known as Axis House, sold off on long leases.
Location Description
- The property fronts Lewisham High Street at the junction with Whitburn Road.
- It is situated approximately 1/3rd mile south of Lewisham town centre which is home to numerous multiple retailers.
- The local area comprises a mixture of residential and commercial property.
- University Hospital (Lewisham) is located in the near vicinity to the south.
- Ladywell mainline station is the closest station, 300m to the west, and Lewisham mainline and DLR station lies approx. 5 minutes walk to the south.
Features
£1m - £5m
Blue-chip tenant
Finance available
Freehold
Large plot
Lease term > 15 years
Minimum Rental Uplifts
Prime location