Shop in United Kingdom, England, London, 65535 sq.m. For Sale

London, England, United Kingdom
3 034 900 €
50 € / sq.m.
Shop in United Kingdom, England, London, 65535 sq.m.
  • Area: 65535 sq.m.

Description

A grocery store located in Formby, a rich metropolitan suburb of Sefton in the ceremonial county of Merseyside in England.

The facility occupies a prominent place on Chapel Lane, the city's main shopping street, where national and local retailers are represented. The city's main parking is located behind the building.

The property is part of a shopping terraces with a total total internal area of 10,136 sq. Ft. (941. 67 sq. M.) Located above the basement and ground floors.

Ownership type is freehold.

The property has been fully leased to Iceland Foods Ltd for another 13 years (with the option of cancellation by the tenant after 8 years).

The current rent is 164,699 pounds per year, which is 16. 25 pounds per square meter. foot.

The rental rate is revised on a five-year basis for the larger of the OMRV or base rent with an annual increase of 2. 5% per annum. Thus, rents will rise to at least 186,342 pounds per year in 2020 and up to 210,829 pounds sterling per year in 2025.

An attractive net initial yield of 6. 73%, growth to 7. 62% in 2020 and 8. 62% in 2025, 6. 34%.

Consideration of proposals for the purchase of more than 2 300 000 pounds sterling without VAT.

Formby is located on an attractive shoreline in the north-west of Merseyside, 7 miles south of Southport, 11 miles north of Liverpool. The city is home to about 25,000 people, and it boasts a high socio-economic profile. The city's railway station regularly serves the message to Liverpool and Southport. The nearest airport is Liverpool's John Lennon Airport is about 25 miles away.

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