Retail

Sainsbury's, 8-12 Worple Road, Wimbledon SW19 4DD

 

Quoting Price: £25,250,000 - Initial Yield:3.75%

Acting on behalf of Eskmuir we are instructed tio market this prime, index linked, long income foodstore in South West London. 

The property comprises a purpose built foodstore and office building extending to 51,804 sq ft (4,812.75 sq m) GIA. Let entirely to Sainsbury’s Supermarkets Ltd on a full repairing and insuring lease expiring on 28th September 2042 (providing  approximately 21.2 years unexpired) at a current passing rent of £1,010,000 p.a. 

Sainsbury’s is the second largest supermarket chain in the UK and remain one of the strongest covenants available in the retail sector with a D&B rating of 5A2. Sainsbury’s have been in occupation for over 50 years and have recently re-geared demonstrating their commitment to the location. The property is underpinned by residential and commercial development opportunities.

Offers sought in excess of £25,250,000 (Twenty Five Million, Two Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 3.75%, after deduction of purchase costs of 6.76%.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


Terms & Conditions | Privacy Policy
Web Design by Creativeworld