It is a large supermarket investment, which occupies the entire ground floor of an apartment house in Welling, 17 km south-east from central London.
Thade premises of the hypermarket are located on the ground floor of the building, auxiliary premises are on the first floor.
The total area of 6,681 m².
The property features a double height glazed frontage 73 meters long, which provides good level of natural light. There is an additional enclosed service yard of 579 m² with vehicular loading bay accessed directly from Welling High Street.
There are 250 dedicated lower level car parking spaces. Customer vehicular access to the underground car park is via a ramp directly accessed from the street.
There are 64 residential apartments on the upper floors of the building.
The property is fully leased out on a long term.
Absolute income is 1,546,052 £.
The current yield of 5,3%.
The anchor tenant is Tesco, the leading grocery chain in the UK.
Tesco was opened in 1919 and has more than 7,800 stores and supermarkets all over the world. The company employs 517,000 employees.
Tesco's share on the UK grocery market is 28%, the company's annual turnover exceeds £ 42 billion.
The lease agreement was signed in 2010 for 25 years with lease renewal every 5 years.
Location and nearby infrastructure
The property is situated on a prominent position on the main retail street of densely populated borough of London.
The street features good transport accessibility by personal transport. Public transport, metro and train stations are in the immediate vicinity of the area. It is planned to open a new crossrail station in 2017.