- Located in the affluent London Borough of Merton, 11 miles south west of Central London.
- The property benefits from excellent transport links with four stations within a 10-minute drive.
- A very large and affluent catchment with a 15-minute drive time population of 429,334 people and 32.1% of the population being in social grade AB.
- Purpose-built, modern standalone foodstore extending to a GIA of 10,717 sq ft (995.6 sq m) with 59 car parking spaces.
- Site area of 1.09 acres reflecting a low site coverage of 22.57%.
- Let on a FRI lease to Asda Stores Limited until 3rd January 2036, providing 11.30 years unexpired.
- Current passing rent is £392,477 per annum reflecting £36.62 per sq ft.
- 5 yearly upwards only RPI-linked rent reviews subject to a collar and cap of 1% - 3% per annum compounded. The next rent review is on the 4th January 2026.
- Freehold.
Offers are invited in excess of £6,140,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 6.00% and a Reversionary Yield of 6.95%. This property has a capital value of £573 per sqft after allowing for purchaser costs of 6.63%.
