The Co-Operative Group Food Limited, 120 Villiers Avenue, Surbiton KT5 8BH

The Co-Operative Group Food Limited, 120 Villiers Avenue, Surbiton KT5 8BH

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  • Located within a densely populated suburb of London

  • Prominently situated on Villiers Avenue joining Surbiton and Kingston Upon Thames

  • Purpose built, Co-op convenience store that forms the ground floor retail amenity for a larger residential development scheme

  • Total net internal area of 4,607 sq ft

  • Let to the Co-operative Food Group Limited on a new 15-year full repairing and insuring lease without breaks from Practical Completion of the building

  • Anticipated rental income of £140,000 per annum subject to 5 yearly rent reviews in line with CPI (capped and collared at 1% – 3% per annum compounded)

  • The property is available freehold - the residential uppers have been sold long leasehold for a term of 125 years at a peppercorn rent.

  • Offers in excess of £2,770,000 per annum (STC)

  • Representing a Net Initial Yield of 4.75%

  • Estimated reversionary yield of 5.51% in the 5th anniversary

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