Convenience store for sale
Property description & features
- Tenure: Leasehold (999 years remaining)
- Newly developed Greater London investment
- Beam Park is a joint venture mixed-use development between Countryside and L&Q which will deliver 3,900 homes upon completion
- Attractive new build unit arranged over ground floor and providing 4,509 sq ft (418.9 sq m) of accommodation
- 100% secured against undoubted Sainsbury’s Supermarkets Limited covenant
- New 15 year lease from July 2023 without break
- 100% CPI index linked income (collar & cap of 1-3%)
- Total income of £155,000 per annum
- Virtual freehold interest for a term of 999 years at a peppercorn rent
The unit is prominently positioned on Halewood Way and benefits from an extensive corner frontage. The property forms part of the new Beam Park community, close to an array of other essential services and amenities that add to the neighbourhood feel, from the on-site medical centre and shops, to the nearby school (under construction, due to open September 2024).
The property comprises a new build convenience store arranged over ground floor. The upper floors, which do not form part of the sale, contain contemporary apartments sold separately via private treaty.
The unit is arranged over ground floor and comprises 4,509 sq ft (418.9 sq m) of accommodation. The property is let to Sainsbury’s Supermarkets Limited for a term of 15 years from 28th July 2023 (expiring 27th July 2038) without break. The lease is subject to five yearly index linked uplifts geared to CPI, collared at 1% and capped at 3% The current rent is £155,000 per annum.
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