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Prime New-Build London Foodstore

London, United KingdomUnlock address

75%

£11.000.000

Retail

#27190

Core

7 Sep 2024

Property Details

Broker

Sold

35,268 sq.ft.

3,276 m²

Leasable area

311 £/sq.ft.

3,357 £/m²

5.96 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.10 %

0.40 %

Investment Overview

A Prime, New-Build London Foodstore. The property forms part of Ballymore’s exciting The Brentford Project, a vast urban regeneration scheme transforming Brentford, comprising 876 new homes and 185,000 sq ft of commercial space and creating a new riverside town centre in the heart of West London. The property comprises a brand new, state-of-the-art 35,268 sq ft foodstore with 147 associated parking spaces. Securely let to WM Morrison Supermarkets Ltd for a term of 20 years, at an annual rent of £700,000 (reflecting just £19.85 psf), with five yearly CPI linked rent reviews.