Sainsburys HEadline Image

Sevenoaks : Sainsburys – St Johns Hill

February 2022
Sainsburys HEadline Image
  • Food store investment let to Sainsbury’s until 2029
  • Passing Rent: £129,721 per annum
  • Price: £2,700,000
  • Net Initial Yield: 4.50%

Acting on behalf of CBRE IM, Fawcett Mead are delighted to have advised on the sale of this highly desirable, South East food store investment.

The property is let to Sainsburys Supermarkets Limited until April 2029 and is subject to five yearly upward only rent reviews linked to RPI, therefore offering 7 years of extremely secure income.

Jonathan Mills commented: “We were pleased to sell this attractive food store investment for CBRE IM to a party who we knew had a strong requirement for such an asset. The transaction completed within the agreed 5 day timescale and continues our strong run in the food store investment market, for which we continue to experience very high levels of investor demand.”

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