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MAJESTIC WINE INVESTMENT FOR SALE

For sale: £1,750,000.00|3,394 Sq Ft|Retail

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

Location

marker
Location: Majestic Wine, Lee Terrace, Blackheath, London, SE13 5DL

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)

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