Long income supermarket investment

Located in the Royal Borough of Greenwich, 6 miles south east of central London. Densely populated and highly affluent catchment with a 10-minute drive time population of 153,000 people and 9,300 people within a 10-minute walk time. The Property is located in Greenwich’s New Capital Quay development of c. 1,000 homes. There are proposals to add over 2,000 new residential and student accommodation units in close proximity. Excellent transport communications being 5 minutes’ walk from Cutty Sark DLR and Greenwich Rail Stations.Purpose built modern supermarket extending to 31,145 sq ft GIA with rights to 150 car parking spaces, providing an excellent ratio of 1:208 sq ft. Virtual freehold interest – 999 years from May 2012 at peppercorn rent. Let to Waitrose Ltd until 19th June 2038, providing a long unexpired term in excess of 14 years. 5-yearly fixed rental uplifts at 1.13141 times the previous rent (2.5% per annum, compounded). Next review in June 2028. Sustainable passing rent of £1,055,864 pa / £33.90 psf. Established and dominant store within its immediate catchment, with strong trading performance. Strong ESG credentials, achieving BREEAM Excellent rating in 2014. The Property has a B-36 EPC rating.