£7.590.000
Confirmation
Greater London Redevelopment Opportunity
London, United Kingdom
Retail
#34384
Core+
28 Oct 2024
Property Details
Broker
Sold
54,360 sq.ft.
5,050 m²Leasable area
139.62 £/sq.ft.
1,502 £/m²6.50 %
1
Freehold
Fees
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.
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