Retail premises for sale in Halewood Way, Rainham RM13
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Property features
- Newly developed Greater London investment
- Beam Park is a joint venture mixed-use development between Countryside and L&Q
- The scheme will deliver 3,900 homes upon completion
- Attractive new build unit providing 4,509 sq ft of accommodation on ground floor
- 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
Property description
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Clifton Agency, W1F on +44 20 8166 3016 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Clifton Agency, and do not constitute property particulars. Please contact Clifton Agency for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.