£6.250.000
Confirmation
Prime New-Build London Foodstore
England, United Kingdom
74%
Retail
#34683
Core
27 Oct 2024
Property Details
Broker
For sale
15,985 sq.ft.
1,485 m²Leasable area
390 £/sq.ft.
4,208 £/m²5.25 %
1
Freehold
X
Fees
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%).
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