Investment let at £51,194 p.a. (7.31% on guide price)
Entirely Let to Sainsbury's Supermarket Ltd
Shop let on a 15 year lease expiring in 2030
25 Associated car parking spaces (6 spaces are allocated for Pizza Huts use)
Located on a prominent corner position in a an established residential location
Ground Floor comprising of an approx. 331.6 sqm (3,569 sq ft)
First floor has not been measured and we believe it is not currently being utilised by the tenant; offering future asset management opportunities to utilise the space and improve the passing income
The site offers future development potential (subject to the requisite consents)
RPI linked rent reviews (capped and collared) every 5 years
Comprises 5 units currently arranged as 3 self contained shops all currently let at a current total rent of £25,200 pa
Asset management potential to improve the passing rent.
Each unit comprises approximately 47 sq m (505 sq ft) therefore totalling approximately 235 sq m (2,529 sq ft)
Future development potential to add additional residential accommodation to the upper floors (subject to all necessary consents)
We have been informed that a planning application has been submitted to add 5 Maisonettes flats to the upper floors (each flat will be an approx. 71 sqm (764 sq ft)
Investment let at £218,840 p.a. (4.56% NIY on guide price)
Located in highly prominent location fronting the Eastern side of A406 North Circular road
Comprises of five separate self-contained industrial units.
Approx. total GIA 1,696 sq m (18,249 sq ft)
Future redevelopment/refurbishment potential to improve the quality of the space (subject to the requisite consents) which would allow Future Asset Management Opportunities to improve the passing rent onsite.