• Let to Co-Operative Group Food Limited

• Highly secure income - Pre-Tax Profits £207.9 million

• New 15.5 year lease from November 2019

• 10 years term certain

• 5 yearly rent reviews in line with CPI

• VAT Free

• Located in a densely populated and affluent residential location

• £870,000, subject to contact

• 6.00% net initial yield

The property occupies a prominent corner site on the northern side of Rosehill Road at its junction with Kings Road with the surrounding area being primarily residential.

The property is approximately 0.7 miles (1.1 km) west of Biggin Hill Main Road, home to a mix of retail and leisure businesses.

The businesses adjacent include a hair and beauty salon, a glass and glazing company, a restaurant, a cleaning supplies company and an off licence.

The property comprises a modern, ground floor retail unit. Internally, the unit provides a convenience store which has just been fitted out by the tenant to their usual corporate style.

The upper floor has been sold off on long leases and are not included in the sale.

The property is not listed and is not located within a conservation area.

A new 999 year leasehold interest (less 3 days).

Co-operative Group Food Limited has reported the following figures:

Co-operative Group Food Limited is a subsidiary of the Co-operative Group Ltd, one of the largest retailers in the UK. The Co-operative operate in a range of areas including food, clothing, insurance and funeral services.

Co-operative Group Food Limited are the fifth largest food retailer in the United Kingdom with over 2,800 stores and over 69,000 employees across its local, convenience and medium sized stores.

For the year ending 6th January 2018, Co-operative Group Limited reported a turnover of £9,470,000,000, profit before tax of £72,000,000 and a total net worth of £2,191,000,000.

For further information visit www.coop.co.uk.

The property has not been registered for VAT and therefore VAT is not applicable on the purchase price.

We are instructed to seek offers in excess of £870,000 (Eight Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT, reflecting a net initial yield of 6%, assuming purchasers’ costs of 5.59%.

Please note that a purchaser will be re-charged the cost of searches and surveys which are provided in the data room.

Please note a purchaser will be charged a transaction fee of £5,000 + VAT.

1. An opportunity to acquire a modern convenience store investment in a densely populated and affluent London location;

2. The property is situated on a prominent corner site;

3. Let to the highly secure covenant of Co-operative Group Food Limited (Pre-Tax Profits £208 million, Net Assets £1.97 billion);

4. 15 years unexpired lease term;

5. Attractive lot size to an investor interested in acquiring a highly secure London investment;

6. A purchase at the asking price reflects an attractive net initial yield.

We have partnered with a leading finance adviser to provide loan services. To learn more, please visit our “Finance” section.