Sainsbury's Local 45-47 Brighton Road South Croydon Greater London CR2 6ED

Sainsbury's Local
45-47 Brighton Road
South Croydon
Greater London
CR2 6ED

Recently Let Supermarket Investment with CPI Linked Rent Reviews

Let to Sainsbury's Supermarkets Limited
New 15 year lease from October 2021 expiring in October 2036 (subject to option)
5 yearly CPI linked rent reviews compounded annually, collared at 1% pa and capped at 3% pa
Includes parking for seven cars
Located in a prominent position on Brighton Road

Lot
9
Auction
13th December 2021
Rent
£47,000 per Annum Exclusive
Status
Sold
Price
£805,000
Auction Venue
Live Streamed Auction

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Recently Let Supermarket Investment with CPI Linked Rent Reviews

Let to Sainsbury's Supermarkets Limited
New 15 year lease from October 2021 expiring in October 2036 (subject to option)
5 yearly CPI linked rent reviews compounded annually, collared at 1% pa and capped at 3% pa
Includes parking for seven cars
Located in a prominent position on Brighton Road

Lot 9
Auction 13th December 2021
Rent £47,000 per Annum Exclusive
Status Sold
Price £805,000
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles east of Sutton; 10 miles south of Central London
Roads: A22, A23, A232, M25
Rail: South Croydon
Air: London Gatwick

Situation

South Croydon is a popular South London suburb approximately 10 miles from the City Centre with direct train routes to London Bridge Station and benefits from a bus stop directly outside the property. The property is located in a prominent position on the east side of Brighton Road in a predominantly residential location close to Whitgift School, with other nearby occupiers including Esso Petrol Filling Station, Doves Croydon (Volvo) together with a number of independent offices, shops and restaurants.

Tenure

Long Leasehold. 999 years from completion at a peppercorn rent.

Location

Miles: 4 miles east of Sutton; 10 miles south of Central London
Roads: A22, A23, A232, M25
Rail: South Croydon
Air: London Gatwick

Situation

Tenure

Long Leasehold. 999 years from completion at a peppercorn rent.

Description

The property comprises a newly fitted out ground floor supermarket, which forms part of a larger building not included in the sale. The property also benefits from parking for seven cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

B. See legal pack at www.acuitus.co.uk.

Description

The property comprises a newly fitted out ground floor supermarket, which forms part of a larger building not included in the sale. The property also benefits from parking for seven cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

B. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail/ Ancillary	378.00 sq m	(4,069 sq ft)	SAINSBURY'S SUPERMARKETS LIMITED (1)	15 years from 04/10/2021 until 03/10/2036 (2)	£47,000 (3)	5 yearly CPI linked rent reviews compounded annually, collared at 1% pa and capped at 3% pa
Total		378.00 sq m	(4,069 sq ft)			£47,000

(1) For the year ending 07/03/2020, Sainsbury's Supermarkets Limited reported a turnover of £24,059,000,000, pre-tax profits of £172,000,000 and total shareholder's equity of £4,723,000,000 (source: NorthRow 08/11/2021).
(2) The lease is subject to a tenant option to determine on 04/10/2031.
(3) The tenant benefits from 6 months rent free from the commencement of the occupational lease. The Vendor has agreed to top up the concessionary period so that the property produces £47,000 p.a.x from completion of the sale until the end of the rent free period.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.