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Sainsburys, 181 High Street, Beckenham, Greater London BR3 1AH

Nick Richardson

Partner, Capital Markets

020 7312 7420
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Property Details

Greater London Foodstore investment.

Description

  • Beckenham is an attractive and affluent town located in the London Borough of Bromley, 9 miles south-east of Central London. The 10 minute drive time population is 103,868.
  • The property occupies a 2 acre site positioned off the High Street in the heart of Beckenham town centre. 
  • Purpose built supermarket comprising 44,993 sq ft with 277 decked car spaces, providing a superb ratio of 1:162 sq ft. 
  • Part Freehold / Part Long Leasehold. 
  • Approximately 6.5 years unexpired to the 5A1 covenant of Sainsbury’s Supermarkets Ltd, with a surety from J Sainsbury Plc. 
  • Passing rent of £928,000 pa, reflecting a low rent of £18.75 per sq ft.
  • Asset management and development potential.
  • Offers are invited in excess of £13,910,000 (Thirteen Million, Nine Hundred and Ten Thousand Pounds), subject to contract and exclusive of VAT.
  • A purchase at this level would reflect an attractive Net Initial Yield of 6.25%, having adopted 6.72% purchase costs. 
 

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Head Office

5 Bolton Street, London, W1J8BA

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Glasgow

302 St. Vincent Street, Glasgow, G2 5RU

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Edinburgh

4th Floor, Exchange Tower, 19 Canning Street, Edinburgh, EH3 8EG

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Manchester

2nd Floor, Abbey House, 74 Mosley Street, Manchester, M2 3LW

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
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