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Prime New-Build London Foodstore

England, United Kingdom

74%

£6.250.000

Retail

#34683

Core

27 Oct 2024

Property Details

Broker

For sale

15,985 sq.ft.

1,485 m²

Leasable area

390 £/sq.ft.

4,208 £/m²

5.25 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

The subject property comprises a brand new, highly prominent 15,985 sq ft foodstore situated in Hallsville Quarter, a £600m town centre regeneration scheme transforming canning Town. Held by way of a new Virtual Freehold interest (246 years at a peppercorn rent), the property is securely let to Lid Great Britain Ltd for a term of 25 vears (subiect to a tenant break option at ver 201 at a rent of £350,000 per annum (reflecting just £21.90 psf), with 5 yearly CPI linked rent reviews (C&C, 1%&3%).