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14 Halewood Way, Beam Park, Rainham, RM13

Offers in Excess of
£2,475,000

£548.90 per sq ft

Business rates & charges may apply

Clifton Agency, London
SIZE AVAILABLE

4,509 sq ft

419 sq m

SECTOR

Convenience store for sale

USE CLASSUse class orders: Class E

E

Key features

  • Newly developed Greater London investment
  • Beam Park is a joint venture mixed-use development between Countryside and L&Q which will deliver 3,900 homes upon completion
  • Attractive new build unit arranged over ground floor and providing 4,509 sq ft (418.9 sq m) of accommodation
  • 100% secured against undoubted Sainsbury's Supermarkets Limited covenant
  • New 15 year lease from July 2023 without break
  • 100% CPI index linked income (collar & cap of 1-3%)
  • Total income of £155,000 per annum
  • Virtual freehold interest for a term of 999 years at a peppercorn rent.
  • Investment opportunity

Description

The property comprises a new build convenience store arranged over ground floor. The unit is prominently positioned on Halewood Way and benefits from an extensive corner frontage.

The property forms part of the new Beam Park community, close to an array of other essential
services and amenities that add to the neighbourhood feel, from the on-site medical centre and
shops, to the nearby school (under construction, due to open September 2024).

The unit is arranged over ground floor and comprises 4,509 sq ft (418.9 sq m) of accommodation. The property is let to Sainsbury's Supermarkets Limited for a term of 15 years from 28th July 2023 (expiring 27th July 2038) without break. The lease is subject to five yearly index linked uplifts geared to CPI, collared at 1% and capped at 3% The current rent is £155,000 per annum.

Brochures

14 Halewood Way, Beam Park, Rainham, RM13

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dagenham Dock Station1.1 miles
  • Dagenham East Station1.1 miles
  • Rainham (Essex) Station1.2 miles

Notes

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Disclaimer - Property reference SainsburysBeamParkRainhamMar24. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clifton Agency, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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