Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view Warden's Reach, 39-40 Woodgrange Road, Forest Gate, Newham, E7 8BA 15,392 Sq Ft / Other / Investment Withdrawn - Last updated: 13 May 2024 SummaryA prominent long let foodstore led investment in Forest Gate, an affluent and emerging East London commuter suburb with great transport connections to Central London. The retail investment forms part of Warden’s Reach, a highly sustainable mixed-use development under construction providing 74 residential apartments. Clarion Housing Group has developed this scheme with 3 commercial units at ground level, forming a brand new, well-configured foodstore led retail scheme comprising 15,392 sq ft (1,430 sq m).Key PointsLet to Lidl Great Britain Limited, Scoffs (Essex) Limited guaranteed by Scoffs Group Limited t/a Costa Coffee & Local Independent Beautician.Practical Completion due December 2023Combined Rent roll of £330,000 per annumVirtual freehold (999 year long leasehold interest at peppercorn)At Practical Completion the scheme will have a Weighted Average Unexpired Lease Term (WAULT) to Lease Expiry of 22.5 years and 17.4 years to Tenant BreaksOffers invited in excess of £5,900,000, representing a Net Initial Yield of 5.25%, assuming standard purchases costs of 6.622%LocationSet in the thriving London Borough of Newham, Forest Gate is a vibrant district of East London. 1.5 miles east of Stratford and its wide range of amenities including Westfield Shopping Centre and the Queen Elizabeth Park, and 5.5 miles northeast of the City of London. Forest Gate continues to develop as one of Newham’s most popular residential areas due to the range and quality of housing stock and the close proximity to numerous leisure facilities and Epping Forest to the north. Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist