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Express Interest in this Property

Tesco, Shepherds Bush

Tesco Express, 31 Uxbridge Rd, London W12 8LH, UK

Basic Facts

Property ID: 17973 Brochure Link: Download Brochure
Post Updated: 2024-02-06 15:14:43 Status:
Type: Tenure: Virtual Freehold
Area: 3800 sq ft Gross Rent: £ 120,000
Gross Yield %: 5.5 Lease Term: 30 Years From April 2009
Lease Term Expiry Date: 16/04/39 Years left on Lease: 15.2
VAT applicable: Yes (TOGC Available)

Property Description

  • Virtual freehold (999 years) supermarket investment.
  • Retail unit of c.3,800 sq ft arranged over 2 floors.
  • This Victorian end of terrace building was previously home to the historic chain Blockbuster.
  • Potential to re-develop in the future (subject to necessary consent).

Location Description

  • Fronting Uxbridge Road, The immediate location is surrounded by a mix of retail and residential.
  • Uxbridge Road is a major thoroughfare that cuts through Shepherds Bush and serves as a hub for various activities.
  • Shepherd’s Bush is a district of west London, England, within the London Borough of Hammersmith and Fulham.
  • It is well-connected both by public transport and road networks.
  • Shepherds Bush is known for its diverse and multicultural population, reflecting the broader demographic trends of London.
  • The property is a short walk from the well-known Shepherds Bush Market, nearby are a number of well-regarded independent and national retailers.

Additional Notes

  • The property is let on a FRI lease to Tesco Stores Limited on a re-geared lease for a term of 30 years expiring 16th April 2039 (15.3 years unexpired).
  • Rent of £120,000 p.a.
  • The rent is reviewed every 5th year based on CPI, compounded annually subject to a collar of 1% and cap of 3%.

Features

£1m - £5m
Attractive property
Blue-chip tenant
Lease term > 15 years
No Break clauses
Prime location
Virtual Freehold
West London

View on Map

Video

https://www.prideviewgroup.com/wp-content/uploads/2024/01/Tesco-Front-Page.jpg

Current Opportunities

Current Opportunity

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