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14 Halewood Way Rainham, RM13 8QZ
Use Class
E(a)
Price
£2,240,000
Key Features
Newly developed Greater London investment;
Beam Park is a joint venture mixed-use development between Countryside and L&Q which will deliver 3,900 homes upon completion;
Attractive new build unit arranged over ground floor and providing 4,509 sq ft (418.9 sq m) of accommodation;
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.
Description
Index linked sainsbury’s convenience store For sale - long leasehold (999 years)
The unit is prominently positioned on Halewood Way and benefits from an extensive corner frontage.
The properties 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 (opening September 2025).
The property comprises a new build convenience store arranged over ground floor. The upper floors, which do not form part of the sale, contain contemporary apartments sold separately via private treaty.
Key Information
Further Infomation
Terms and conditions
The successful purchaser will be required to fulfil anti-money laundering requirements in accordance with the Money Laundering Regulations.
Accommodation
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.
Downloads
Downloads
Financial
Lease Type
Existing Lease
Lease Term
The property is available by way of a virtual freehold interest for a term of 999 years at a peppercorn rent.
Rent
Subject to contract, rental offers are invited in the region of £155000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Tenure
Leasehold
Sustainability
An EPC is available upon request.
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
All data ©2024 Completely Property Technology Limited
This was last updated on 31/10/2024