INVESTMENT SUMMARY

• Long Income Convenience store investment opportunity in Old Kent Road, London SE15
• Highly prominent retail/convenience store investment on the ground floor of a mixed use residential development providing 1,949 dwellings once fully completed
• Located in a high growth area of London the Old Kent Road Opportunity Area will be delivering over 20,000 new homes.
• Approximately 5,091 sq ft (GIA) of ground floor accommodation
• Let entirely to the undoubted covenant of Sainsburys Supermarkets Ltd (Co. No. 3261722)
• FRI lease on a term of 15 years from Q2 2026 with a tenant only break at year 10.
• Commencing rental of £135,000 pax, equating to £26.51 per sq ft based on the GIA.
• 5 yearly upward only CPI reviews, collared at 1% and capped at 3.5% calculated on a compound basis.
• Lease subject to an 6 month rent free period.
• Offers in the region of £2,200,000 (Two Million Two Hundred Thousand Pounds) for the 999 year long leasehold interest
• A purchase at this level reflects a Net Initial Yield of 5.77% after full purchasers costs at 6.14%
• Property: Ground Floor – The Ruby, 651-657 Old Kent Road, London, SE15 1JU