
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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