New supermarket with long-term lease in London.
Description
A 400 m² corner commercial space located on the first floor of a new residential complex.
Completion date: Autumn 2020.
Tenure: Virtual freehold 999 year lease.
The annual income is £ 125,000 (~€ 140,000).
The net yield is 5%.
The property is fully let. The tenant is a large supermarket chain with 1,500 grocery stores across the UK.
The lease agreement is valid until 2035 with a tenants only break option in year 10.
Indexation of rent is provided.
The supermarket is located in London, in the district of Stratford.
London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.
London is the main political, economic and cultural center of the United Kingdom.
London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.
The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.
