Retail for sale - Sainsbury’s, 207 Shirland Road, London, W9 2EX

<strong>Description</strong><br>The property comprises of a three storey corner building of traditional brick construction, with flat roof situated on a circa 0.078 acres (0.032 hectares) site. The building has been sensitively converted to provide a convenience store over basement and ground floor levels and then hotel accommodation (not included in the sale) arranged over first, second and third floor levels.<br><br><strong>Accommodation</strong><br>The property has an approximate Gross Internal Area of 3,554 sq ft (330 sq m).<br><br><strong>Tenure</strong><br>New 999 year lease (virtual freehold) at a peppercorn rent available<br><br><strong>Tenancy</strong><br>The property is let by way of a lease dated 21 November 2024 for a term of 15 years at a passing rent of £130,000 per annum, expiring 21 November 2039. The tenant is SAINSBURY'S SUPERMARKETS LTD. The lease is subject to five yearly reviews on an upward only basis index linked to CPI with a cap and collar of 3 and 1%.<br><br><strong>Covenant</strong><br>Sainsbury’s Supermarkets Limited (Company Number 03261722) is the second largest supermarket chain. The company occupies 1,428 stores across the UK (820 convenience stores and 608 supermarkets). We set out the last three years’ accounts for Sainsbury’s Supermarket Limited as follows:<br><br><strong>EPC</strong><br>The unit has been awarded a C60 EPC Rating. A copy of all EPC is available upon request.<br><br><strong>VAT</strong><br>The investment will be sold as a TOGC and will therefore be exempt from paying VAT.<br><br><strong>Price</strong><br>Unconditional offers are invited in region of £2,445,000 subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 5% after allowing for the usual purchaser’s costs.<br><br><strong>Viewings</strong><br>For a formal viewing strictly by appointment with Savills.<br><br><strong>Money Laundering</strong><br>A successful purchaser will be required to provide the appropriate information to satisfy current AML regulations when Heads of Terms are agreed.<br><br>