A unique and rare opportunity to acquire an exciting investment portfolio of three convenience stores and one coffee drive-thru unit, let to the undoubted covenants of Tesco, Co-op and Starbucks.
Location
Located in East London and Essex (Upminster, Romford, Chelmsford).
Executive Summary
Property 1: Starbucks Unit 1, Springfield Services, Chelmsford, CM2 5PG
* Modern Feehold drive-thru unit extending to 2,060 sq ft
* 25 year FRI lease expiring in April 2045 (19.49 years unexpired.)
* Current Rent £119,435 per annum
* Very prominent roadside location
* 21 car parking spaces.
Property 2: Co-operative Group, 166 Upminster Road, Upminster, RM14 2RB
* Modern long leasehold convenience store extending to 3,945 sq ft
* 15 year FRI lease expiring in October 2032 (6.56 years unexpired)
* Current Rent £65,000 per annum
* Prominent, high density residential location, with nearby underground station
* Very prominent roadside location
* 9 car parking spaces.
Property 3: Co-operative Group, 378-392 Brentwood Road, Romford, RM2 5TD
* Modern freehold convenience store extending to 4,073 sq ft
* 15 year FRI lease expiring in May 2034 (8.10 years unexpired / 3.10 years to break)
* Current Rent £82,400 per annum
* Prominent, high density residential location, with nearby underground station
* 10 car parking spaces.
Property 4: Tesco, 395-405 Brentwood Road, Romford, RM2 5TH
* Modern long leasehold convenience store extending to 5,108 sq ft
* 18 year FRI lease expiring in October 2031 (5.50 years unexpired)
* Current Rent £82,152.04 per annum
* Prominent, high density residential location, with nearby underground station