Yield : 5%
Located in the heart of a commercial property hub in Wandsworth, this new commercial property for sale represents an interesting investment opportunity with major redevelopment and rejuvenation planned in the immediate area.
The premise has been sold on a 999-year leasehold from the 26th April 2013. The property is let to the Co-Operative food group for a term of fifteen years from Sept 2013, subject to a tenant break on the 6th September 2023 and an expiry date of 5th September 2028. The passing rent is £80,000 per annum (exclusive) and is subject to five-yearly RPI reviews (collar and cap 1% and 4%). The investment is 440 sqm / 4742 sqft. The tenant is a Co-Operative food store which remains the fifth-largest food retailer in the United Kingdom. The Co-operative Group Limited is the UK’s largest mutual business and has been in existence for over 150 years with sales in excess of £15 billion per annum. Co-operative Group Food Limited is a wholly-owned
The property is located within the London Borough of Wandsworth in south-west London and sits within an ongoing £1 billion town centre regeneration project for the area. Wandsworth Town is an affluent and vibrant village with excellent connections to central London via Wandsworth
Town overground station and East Putney underground station. In addition, Transport for London are upgrading the whole traffic plan around Wandsworth town centre to allow cycling routes and local bus routes to better serve the area.
Occupiers close by include Sainsburys, Wagamama, Planet Organic, Waitrose and Virgin gyms among others.