• Located within a densely populated suburb of London
• Prominently situated on Villiers Avenue joining Surbiton and Kingston Upon Thames
• Purpose built, Co-op convenience store that forms the ground floor retail amenity for a larger residential development scheme
• Total net internal area of 4,607 sq ft
• Let to the Co-operative Food Group Limited on a new 15-year full repairing and insuring lease without breaks from Practical Completion of the building (due May 2019)
• Rental income of £140,000 per annum subject to 5 yearly rent reviews in line with CPI (capped and collared at 1% – 3% per annum compounded)
• The property is available freehold - the residential uppers have been sold long leasehold for a term of 125 years at a peppercorn rent.
• Offers in excess of £2,550,000 per annum (STC)
• Representing a Net Initial Yield of 5.16% assuming purchasers costs of 6.41%
• Estimated reversionary yield of 5.98% in the 5th anniversary
