Retail premises for sale in Rotherhithe Street, London SE16

Offers over £1,450,000 (£352.8/sq. ft)
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Retail premises for sale 4,110 sq. ft*

Property description

Long Let Convenience Store secured to Co-op.

Prominent location in a highly densely populated residential catchment area of Rotherhithe.

Canada Water Station (tfl Zone 2) and Rotherhithe Station (tfl Zone 2) within circa 10 minutes walk.

The unit forms part of a new build development completed in 2018.

The property comprises of 4,110 sq ft (gia) over ground floor.

A new 999 year lease.

Let to Co-operative Group Food Ltd on an Fri lease with 10.7 years term certain.

Current Passing rent of £70,000 p.a (£17.03 psf)

5 yearly upward only rent reviews linked to the Consumer Price Index (1% & 3% cap and collar).

The vendor will top up to the October 2023 review equating to £81,149 p.a (£19.74 psf)

Co-operative Group Food Ltd are rated D&B 5A1.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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