Blog Layout
SOLD
- MAJESTIC WINE, LEE TERRACE, BLACKHEATH, LONDON SE13 5DL
FLAGSHIP RETAIL WAREHOUSE INVESTMENT FOR SALE
Located in Blackheath, an affluent and vibrant area of London.
Download File
Newly developed in 2019, the property forms the ground floor retail of a prestige, award-winning Berkeley Homes development.
Let to Majestic Wine Warehouses Limited (Net Assets £80.45m).
Majestic Wine Warehouses Limited is owned by the global investment group Fortress.
In excess of 13 years unexpired lease term (over 8 years to break).
Passing rent £90,000 per annum exclusive.
2%- 4% collar and cap, RPI-linked rent review in 2024. Vendor will top up rent to minimum 2% increase, £99,347 per annum.
Offers in excess of £1,750,000, subject to contract.
5.35% Net Initial Yield.
