Morrisons M Local, Oval, Greater London

 

Unit 2 Cromwell Road, Myatts Field, Oval, London, SW9 6SE

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Long Leasehold
  • Gross Rent: £50,000
  • Lease Term: 15 years from 2015

Property Description

  • Long leasehold blue-chip convenience store investment
  • Ground floor supermarket recently fitted out with prominent corner frontage
  • There is parking for several cars on Cromwell Road

Location Description

  • The property is located a 5 minute walk from Oval underground station, in the London Borough of Lambeth
  • The property occupies a prominent corner location in a predominantly residential area
  • Central London is just 3 miles north

Additional Notes

  • The property (ground floor only) is held on a 125 year lease
  • It is let to WM Morrisons Convenience Stores Ltd (guaranteed by WM Morrisons Supermarkets Plc) for £50k p.a. on a 15 year FR&I lease from 2015 with a break after 10 years
  • 5 yearly rent reviews are inflation-linked

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