Express Interest in this Property

Tesco Express, North Kensington, Greater London

10A N Pole Rd, London W10 6QL, UK

Basic Facts

Property ID: 3886 Brochure Link: Download Brochure
Post Updated: 2023-11-06 09:52:19 Status:
Type: Tenure: Freehold
Area: 3753 sq ft Gross Rent: £ 97,763
Gross Yield %: 5.5 Lease Term: 20 years from September 2012
Lease Term Expiry Date: 02/07/32 Years left on Lease: 8.6
VAT applicable: Yes

Property Description

  • Freehold blue-chip convenience store investment in North Kensington, London.
  • Recently refurbished, landmark corner property with a large frontage on North Pole Road.
  • The ground floor interest in this property is held as a freehold investment whilst the 5 residential flats on the first and second floors above have been sold off on leases with 100 years remaining and the benefit of the air space.
  • Ground floor comprises of 2,383 sq ft and 1,370 sq ft of Basement. Total internal area of 3,753 sq ft.
  • Let to Tesco Stores Ltd for 20 years from September 2012 for £97,762.55 per annum. Break option on 2nd September 2027 and 5 yearly rent reviews linked to RPI, collared and capped at 0% and 4% p.a. respectively.

Location Description

  • North Kensington is located about 6 miles west of Central London, 1.5 miles north-west of Notting Hill and 2.5 miles west of Kilburn in this densely populated and popular residential suburb.
  • The area has excellent road communications with the A40 Westway immediately to the south, providing access to Central London to the east and Uxbridge and the M25 to the west.
  • In addition there are London Underground Stations nearby at Ladbroke Grove, White City and Latimer Road.
  • The property is situated on the north side of North Pole Road, at its junction with Brewster Gardens.
  • Nearby occupiers include Costcutter, William Hill, a Post Office and a number of local traders.


£1m - £5m
Blue-chip tenant
Finance available
Lease term: 10 - 15 years
Prime location

View on Map

Current Opportunities

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