London - New Kent Road - Retail Investment

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.

About SE17 Elephant & Castle

About SE17 Elephant & Castle

Earmarked as London’s hottest regeneration project, Elephant & Castle is undergoing a 3 billion restoration that will see the neighborhood transformed into a landmark destination for 21st century living.Set in the borough of Southwark, just shy of a mile from London’s cultural river-side hotspot The South Bank, and within 15 minutes of Westminster, The West-End and The City, Elephant & Castle enjoys one of the most privileged central locations in London.  Yet despite it’s Zone 1 status, property prices here have [...]

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