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
    13/Dec/2021
  • Rent
    £47,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £750,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
  • Sainsbury's Local, 45-47 Brighton Road, South Croydon, Greater London, CR2 6ED
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail/
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.12.21
    File Size
    50 MB
    Login to View
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    546 KB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    759 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Forsters LLP 31 Hill Street
London
W1J 5LS
Colin Brown 020 7863 8413colin.brown@forsters.co.uk

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