Coop Convenience Store 136 Southwark Bridge Road London SE1 0DG

Coop Convenience Store
136 Southwark Bridge Road
London
SE1 0DG

Central London Convenience Store Investment

Let to Co Operative Food Group Limited
Prominent Convenience Store with Post Office
Situated approximately 1/2 mile south of The City of London
Rent reviewed in line with the Retail Price Index, Subject to minimum of 1% and a Maximum of 4% per annum compounded

Lot
24
Auction
5th May 2021
Rent
£89,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Important Update Interested?

Expand
Photos
Map

Central London Convenience Store Investment

Let to Co Operative Food Group Limited
Prominent Convenience Store with Post Office
Situated approximately 1/2 mile south of The City of London
Rent reviewed in line with the Retail Price Index, Subject to minimum of 1% and a Maximum of 4% per annum compounded

Lot 24
Auction 5th May 2021
Rent £89,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: City of London less than 1mile; Westminster 1mile; The Shard 950 metres
Roads: A2, A3, A201
Rail: Borough Underground station,; Southwark Underground station,; London Bridge Railway and Underground Station.; Waterloo Railway and Underground Station
Air: London City Airport. London Heathrow

Situation

The property is situated on the west side of the busy Southwark Bridge Road close to its junction with Great Suffolk Street approximately 800m metres south of the popular and fashionable Borough Market. Southwark Bridge Road links the popular Elephant and Castle with the South Bank and the City of London. This district of London has seen a tremendous transformation from a run of mill, non-affluent Central London suburb to a highly fashionable cosmopolitan hub with significant major residential developments with public spaces that are targeted by highly paid young people that work in the City of London.

Tenure

Virtual Freehold. Held from for term of 999 years from 1st January 2008 at a fixed peppercorn rent.

Location

Miles: City of London less than 1mile; Westminster 1mile; The Shard 950 metres
Roads: A2, A3, A201
Rail: Borough Underground station,; Southwark Underground station,; London Bridge Railway and Underground Station.; Waterloo Railway and Underground Station
Air: London City Airport. London Heathrow

Situation

Tenure

Virtual Freehold. Held from for term of 999 years from 1st January 2008 at a fixed peppercorn rent.

Description

The property comprises a ground floor retail unit with a significant retail frontage. The property forms part of a larger residential building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

The property comprises a ground floor retail unit with a significant retail frontage. The property forms part of a larger residential building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Convenience Store	335.00 sq m	(3,606 sq ft)	CO-OPERATIVE GROUP FOOD LIMITED (CRN IP26715R) (1)	15 years from 27th December 2012 until 2027 (2)	£89,000	27th December 2022. Reviewed in line with RPI subject to a minimum of 1% and a maximum of 4% per annum exclusive.
Total		335.00 sq m	(3,606 sq ft) (3)			£89,000 rising to a minimum of £93,539 pax in December 2022

(1) Co- Operative Food Group Limited are one of the worlds largest consumer co-operatives, owned by millions of members. and are the UKs fifth biggest food retailer with more than 2,500 local, convenience and medium-sized stores nationwide.
(Source: www.co-operative.coop/about-us/our-co-op)
(2) The lease provide fpr a tenant option to determine the lease on 27th December 2022 on serving 6 months written notice.
(3) The floor area above has been stated in the headlease.

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.