Tesco Express, Edgware, Greater London

 

294/296 Hale Lane, Edgware, Middlesex, HA8 8NP

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £93,000
  • Lease Term: 20 years from 2008

Property Description

  • Freehold blue-chip convenience store & ground rent investment in London
  • The ground floor measures 5,126 sq ft, comprising Sales and Ancillary space

Location Description

  • Edgware is a prosperous North London suburb situated on the A5.
  • The area benefits from good communications being within 3 miles of the M25 (Junction 4) and is within walking distance to Edgware Station (Northern Line) of which provides direct access into Central London.
  • The property is situated fronting Hale Lane and on the corner with The Drive.
  • The area benefits from a mix of both local and multiple traders with The Broadwalk Shopping Centre within close proximity.

Additional Notes

  • Rare Lease to Tesco Stores Ltd of 20 years from 2008 at a current rent of £93,000 p.a.
  • No Breaks
  • Fixed Rent reviews – every 5 years in line with RPI – no caps / collars
  • Next review is in 2018

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