Warden's Reach, 39-40 Woodgrange Road, Forest Gate, Newham, E7 8BA
£383.32 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
15,392 sq ft
1,430 sq m
- SECTOR
High street retail property for sale
Key features
- Let to Lidl Great Britain Limited, Scoffs (Essex) Limited guaranteed by Scoffs Group Limited t/a Costa Coffee & Local Independent Beautician.
- Practical Completion due December 2023
- Combined Rent roll of £330,000 per annum
- Virtual freehold (999 year long leasehold interest at peppercorn)
- At Practical Completion the scheme will have a Weighted Average Unexpired Lease Term (WAULT) to Lease Expiry of 22.5 years and 17.4 years to Tenant Breaks
- Offers invited in excess of £5,900,000, representing a Net Initial Yield of 5.25%, assuming standard purchases costs of 6.622%
Description
A prominent long let foodstore led investment in Forest Gate, an affluent and emerging East London commuter suburb with great transport
connections to Central London. The retail investment forms part of Warden’s Reach, a highly sustainable mixed-use development under construction providing 74 residential apartments. Clarion Housing Group has developed this scheme with 3 commercial units at ground level, forming a brand new, well-configured foodstore led retail scheme comprising 15,392 sq ft (1,430 sq m).
Location
Set in the thriving London Borough of Newham, Forest Gate is a vibrant district of East London. 1.5 miles east of Stratford and its wide range of amenities including Westfield Shopping Centre and the Queen Elizabeth Park, and 5.5 miles northeast of the City of London. Forest Gate continues to develop as one of Newham’s most popular residential areas due to the range and quality of housing stock and the close proximity to numerous leisure
facilities and Epping Forest to the north.
Brochures
Warden's Reach, 39-40 Woodgrange Road, Forest Gate, Newham, E7 8BA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Forest Gate Station0.1 miles
- Wanstead Park Station0.3 miles
- Maryland Station0.8 miles
About Strettons, London
1-3 Sun Street, London, EC2A 2EP
Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.
For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.
Notes
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