Tesco Express, Poplar, Greater London
571 Manchester Road, Poplar, London, E14 3NX
- Virtual Freehold blue-chip supermarket investment in London
- Forming part of a uniquely shaped building with a double frontage
- Retail unit with ancillary storage arranged over the ground and first floors with a size totalling 5140.89 sq ft
- The upper floors are residential and were not included in the sale
- Canary Wharf is a major business
district located in Tower Hamlets, London.
- It is one of London’s two main
financial centres – along with the traditional City of London – and contains
many of the UK’s tallest buildings.
- Canary Wharf contains around 14,000,000
square feet (1,300,000 m2) of office and retail space.
- Around 105,000 people
work in Canary Wharf and it is home to the world or European headquarters of
numerous major banks, professional services firms and media organisations.
- The subject property is located in Poplar which is part of Canary Wharf.
- Let to Tesco Stores Ltd on a 20 FR&I year lease from 30/04/14 (with a tenant’s option to break after 10
years) for £75,000 pa, with 5 yearly rent reviews linked to RPI with caps and collars of 0%-4% per annum.
- The property is held on a 999 year lease at a peppercorn rent