Portfolio For Sale, Three Convenience Stores And One Coffee Drive-thru.
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- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Available as a portfolio or individually.
- Located in East London and Essex (Upminster, Romford, Chelmsford).
- 3 modern convenience stores and one prime drive-thru unit.
- Total current income of £348,987.
- Portfolio WAULT of 11.10 years (9.92 years to break), including c.20 years to Starbucks.
- Low-risk investment with long, secure income.
- Exceptionally well-located in high footfall and vehicular traffic areas.
- Undoubted covenants: Tesco, Co-op, Starbucks.
- Reversionary potential.
- Seeking offers for the whole portfolio in the region of £5,300,000 subject to contract.
Description
Location
Located in East London and Essex (Upminster, Romford, Chelmsford).
Executive Summary
Property 1: Starbucks Unit 1, Springfield Services, Chelmsford, CM2 5PG
* Modern Feehold drive-thru unit extending to 2,060 sq ft
* 25 year FRI lease expiring in April 2045 (19.49 years unexpired.)
* Current Rent £119,435 per annum
* Very prominent roadside location
* 21 car parking spaces.
Property 2: Co-operative Group, 166 Upminster Road, Upminster, RM14 2RB
* Modern long leasehold convenience store extending to 3,945 sq ft
* 15 year FRI lease expiring in October 2032 (6.56 years unexpired)
* Current Rent £65,000 per annum
* Prominent, high density residential location, with nearby underground station
* Very prominent roadside location
* 9 car parking spaces.
Property 3: Co-operative Group, 378-392 Brentwood Road, Romford, RM2 5TD
* Modern freehold convenience store extending to 4,073 sq ft
* 15 year FRI lease expiring in May 2034 (8.10 years unexpired / 3.10 years to break)
* Current Rent £82,400 per annum
* Prominent, high density residential location, with nearby underground station
* 10 car parking spaces.
Property 4: Tesco, 395-405 Brentwood Road, Romford, RM2 5TH
* Modern long leasehold convenience store extending to 5,108 sq ft
* 18 year FRI lease expiring in October 2031 (5.50 years unexpired)
* Current Rent £82,152.04 per annum
* Prominent, high density residential location, with nearby underground station
Brochures
Portfolio For Sale, Three Convenience Stores And One Coffee Drive-thru.
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gidea Park Station0.4 miles
- Emerson Park Station0.8 miles
- Romford Station1.1 miles
Notes
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