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High Street Retail Property For Sale 41 Millharbour, London, E14 9NA

  • Size:
    3,475 sq ft / 323 sq m
  • Usage:
    A1
  • Sale Type:
    For Sale
  • Rental Income:
    £76,784
  • Property Type:
    High Street
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    Yes
  • Tenanted:
    Yes
  • Energy Rating:
    C

● Convenience store investment opportunity let to the undoubted covenant of Tesco Store Limited.

● The property is let to Tesco Stores Ltd for
a term of 15 years from 18 October 2006
expiring 18 October 2021.

● Virtual Freehold, 990 years remaining.

● Rent of £76,784 per annum exclusive,
subject to five yearly upwards only rent
reviews based on the retail price index and
compounded annually with a cap of 4%.

● Seeking offers in the region of
£1,300,000, subject to contract.

● A purchase at this level would reflect a Net initial Yield of 5.58% allowing for purchaser’s costs of 5.80%.

41 Millharbour is a substantial mixed use building situated on the Isle of Dogs, a short distance from South Quay DLR.
The immediate locality is mainly residential with a number of high rise apartment blocks.

 

Contact Mann Smith

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