Retail space on the ground floor of the apartment building.
Description
The supermarket was opened in September 2017.
Ownership type: Virtual freehold.
The cost of the property is 2,950,000 £.
Absolute annual income is 132,500 £.
The current yield of 4.5%.
The anchor tenant is a network of British supermarkets, numbering more than 300 branches in the UK. The annual turnover of the company is more than 5 billion pounds sterling.
The lease agreement is valid through 2032 with 10 year Tenant Break Option. Rent is reviewed every 5 years according to the consumer price index.
The brokerage fee is 2%.
The property is located in the Finchley district, in northern London. The metro station is situated in a walking distance from the building. The Kings Cross Station can be reached in a 19-minute drive, the Tottenham Court Road — in a 22-minute drive and the nearest bank — in a 28-minute drive. There are several bus routes close to the supermarket, as well as the ring road leading to the motorway exit.
