London - Elephant and Castle - Retail Investment property for sale

Price on application ACQUIRED

This commercial property for sale in London's Zone 1, Elephant & Castle, was acquired by Athena Advisers on behalf of a client interested in expanding his commercial property portfolio with assets located in areas of high footfall, but also those with potential for capital gain. This investment afforded both.

Situated at the junction of New Kent Road and Harper Road, approx. 1/4 mile east of Elephant & Castle underground, rail station and shopping centre the location was perfect for a well-geared retail property tenanted by a known brand.  

On a main arterial route through central London and dense surrounding residential population this property was perfect for a convenience store.

The property totalled around 4,176 sq ft of brand new, purpose built retail space across a ground floor & basement. 

The entire commercial property is let to Tesco Stores Ltd from 05/11/2012 for a term of 20 years with a tenant-only option to determine after the 10 year period. 

With initial rent of £57,000 per annum, this yield will be compunded by 5 yearly RPI linked reviews with a capped range of between 0-4%. The property is leasehold for a term of 999 years.

The property forms part of a five floor mixed-use development, which was not included in the sale.

To find out about our full range of on and off-market commercial property opportunities in London please get in touch with our head office.

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About London

About London

​One of the world’s most dynamic capitals, London carries serious gravitas - a global leader politically, economically and culturally. A bastion of history and emerging trends, its cultural institutions and leading educational colleges, from the Tate Modern to Kings College, attract visitors and foreign students from across the world. Travel the globe and tell people you live in London, and most likely they’ll share a life long dream to live there too. The breeding ground for so many fantastic musicians, artists, writers, free-thinkers and fashion icons, there’s something about its iconic culture that makes it seriously aspirational. From the Beatles to the Rolling Stones, David Hockney to Alexander McQueen, it is associated with freedom of thought and cultural expression. This has inspired foreign residents from across the world to choose London as their home, defining the city by the endless array of languages you hear on the street and the diversity of its dynamic food scene. While in recent decades, London may have thrived as a global leader for finance, start-ups and tech innovators, it’s this cultural openness that helps make the city so treasured and unique.

  • London - Elephant and Castle - Retail Investment
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