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Greater London Redevelopment Opportunity

London, United Kingdom

85%

£7.590.000

Retail

#34384

Core+

28 Oct 2024

Property Details

Broker

Sold

54,360 sq.ft.

5,050 m²

Leasable area

139.62 £/sq.ft.

1,502 £/m²

6.50 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Greater London Redevelopment Opportunity with 2.2 Years Income Secured to Primark. Lewisham is a thriving South East London Borough located approximately 6 miles south-east of Central London. The property comprises a large, well configured store with 80 ft of retail frontage onto High Street, providing a total of 54,360 sq ft of accommodation. Let to Primark Stores Ltd (with a guarantee from ABF Properties Ltd) on FRI terms until 23 June 2026. The property offers extensive asset management opportunities, including the regear of the Primark lease and/or comprehensive redevelopment options (Subject to Planning). Total Current Income: £526,000 per annum.