{"loaderData":{"0-3":{"propertyListing":{"building":{"id":"760936644985664","summary":"A unique and rare opportunity to acquire an exciting investment portfolio of three convenience stores and one coffee drive-thru unit, let to the undoubted covenants of Tesco, Co-op and Starbucks.","archived":false,"description":"A unique and rare opportunity to acquire an exciting investment portfolio of three convenience stores and one coffee drive-thru unit, let to the undoubted covenants of Tesco, Co-op and Starbucks.

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","disclaimer":{"raw":"Disclaimer - Property reference 223136FH. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by WATLING REAL ESTATE LIMITED, London . Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["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."],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":5300000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":null,"tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/3c1abd97a/760936644985664/3c1abd97ad64a04bb6ed53bdfbf5990f.pdf","description":"Project_Quarto_brochure_Apr26-compressed"}],"photos":[{"uri":"property-photo/a8a5959c9/760936644985664/a8a5959c99f2f57b8973e131e6494d82.jpeg","description":"Photo 2"},{"uri":"property-photo/13fc71611/760936644985664/13fc716115fcc1e1fdfcc47058cd26e7.jpeg","description":"Photo 3"},{"uri":"property-photo/7a1c468cb/760936644985664/7a1c468cb7522080a847bb269825930b.jpeg","description":"Photo 5"},{"uri":"property-photo/02bceb6d7/760936644985664/02bceb6d76853de038907ef365a58392.jpeg","description":"Photo 1"},{"uri":"property-photo/a1f87d1af/760936644985664/a1f87d1afa3968418c168db0a3768860.jpeg","description":"Photo 4"}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"Portfolio For Sale, Three Convenience Stores And One Coffee Drive-thru.","showMap":true,"postcode":{"incode":"5TD","outcode":"RM2"},"streetView":null,"latitude":51.576904,"longitude":0.207394},"nearestStations":[{"distance":0.3549887464267058,"name":"Gidea Park Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":0.7961214568908574,"name":"Emerson Park Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":1.0738426130461611,"name":"Romford Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"WATLING REAL ESTATE LIMITED, London ","email":null,"profileUrl":"/estate-agents/agent/WATLING-REAL-ESTATE-LIMITED/London-261764.html","logo":"/partner-logo/30131642-LOGO-1765967201.png","id":261764,"description":"","telephoneNumber":"020 3668 9187","morePropertiesFromAgentUrl":"/commercial-property-for-sale/find/WATLING-REAL-ESTATE-LIMITED/London.html?locationIdentifier=BRANCH%5E261764&propertyStatus=all&includeLetAgreed=true&_includeLetAgreed=on","primaryBrandColour":null}],"owner":null,"primaryPropertyClassification":{"propertyClassificationSubType":"RETAIL_HIGH_STREET","propertyClassificationType":"RETAIL","offices":null,"industrialAndLogistics":null,"leisureAndHospitality":null,"retail":{"frontageFeet":null}},"secondaryPropertyClassifications":[{"propertyClassificationType":"RETAIL","propertyClassificationSubType":"RETAIL_HIGH_STREET"},{"propertyClassificationType":"OTHER","propertyClassificationSubType":"OTHER"}],"letType":null,"letContractLength":null,"status":"AVAILABLE","availableDate":null,"serviceCharge":0,"businessRates":0,"isRentAllInclusive":null,"products":{"commercialSearchProminenceEnabled":false,"featuredProperty":false,"premiumListing":false,"premiumListingLabel":null},"auction":false,"spaces":[]}},"mediaParams":{"mediaType":"photos","mediaIndex":4}}},"actionData":null,"errors":null}