TESCO, TOOTING, 189-­191 STREATHAM ROAD, LONDON

Investment Summary…

  • New build Virtual Freehold (995 year long lease)
  • Investment Let to Tesco
  • Passing Rent £65,000 pax
  • 3,928 sq ft
  • Ground Floor and part First Floor (First Floor previously a large 3 bed Flat now used for storage)
  • Extensive Frontage to Streatham Road a busy arterial route
  • Dense residential catchment bordering Streatham and Tooting
  • 20 year effective FRI lease from August 2013, break option 2023
  • RPI linked 5 yearly rent reviews  capped at 4% per annum
  • £1,225,000 5% NIY
  • £311 psf capital value

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