14 Halewood Way
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14 Halewood Way
4,509 SF 4-Star Retail Building Rainham RM13 8RR $2,902,306 ($643.67/SF) 6.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly developed Greater London investment
- Attractive new build unit arranged over ground floor and providing 4,509 sq ft (418.9 sq m) of accommodation
- New 15 year lease from July 2023 without break
- Beam Park is a joint venture mixed-use development between Countryside and L&Q which will deliver 3,900 homes upon completion
- 100% secured against undoubted Sainsbury’s Supermarkets Limited covenant
- Virtual freehold interest for a term of 999 years at a peppercorn rent
EXECUTIVE SUMMARY
The vendor is seeking offers in excess of £2,240,000. A purchase at this level would reflect a net initial yield of 6.51% assuming graduated purchaser’s costs of 6.33%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
4,509 SF
LoopNet Rating
4 Star
Year Built
2023
Price
$2,902,306
Price Per SF
$643.67
Cap Rate
6.51%
NOI
$188,940
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.10 AC
Frontage
59’ on Halewood Way
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14 Halewood Way
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