Property Investment Opportunity MAJESTIC WINE INVESTMENT FOR SALE

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Agent's details

Property agent
Jeremy Dangerfield

Show phone numberCall agent020 8886 7449 Get in touch

Property agent
Dale Henry

Show phone numberCall agent+44 207 935 7200 Get in touch

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Property details

FOR SALE£1,750,000.00

SIZE3,394 Sq Ft

ADDRESSMajestic Wine, Lee Terrace, Blackheath, London, SE13 5DL

TYPERetail

TENUREInvestment Opportunity

POSTED ON15th June 2021

Description

Located in an affluent and vibrant London area
Newly developed in 2019
The property forms the ground floor retail offering for a prestige, award-winning
development.
Let to Majestic Wine Warehouses Limited (Net Assets £80.45m)
Majestic Wine Warehouses Limited is owned by the global investment group Fortress
In excess of 13 years unexpired lease term (over 8 years to break)
RPI-linked rent review in 2024. Minimum increase to 5.34% in 2024
Excellent payment history with no payment delays during lockdown
Offers in excess of £1,750,000, subject to contract
4.84% Net Initial Yield

Website for this property

Location

Location: Majestic Wine, Lee Terrace, Blackheath, London, SE13 5DL GBGreater LondonSE13 5DLMajestic Wine, Lee Terrace

New Cross (1.7 miles)

New Cross Gate (1.9 miles)

North Greenwich (2.5 miles)

Blackheath (0.3 miles)

Westcombe Park (0.4 miles)

Lewisham DLR (0.7 miles)

Units

Currency