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The Blog

Sainsbury’s Investment SOLD – Lordship Lane, London N17

Thursday 12th December, 2019

TDBRE together with joint agents HRH Retail have successfully marketed and sold this well secured convenience store investment let to Sainsbury’s in London N17.

The price achieved reflected a net initial yield of 5.05%

The entire property is let to Sainsbury’s Supermarkets Limited on a 15 year lease from July 2012 with around 7.8 years’ unexpired. The lease contained a tenant only break clause in July 2022 and upwards-only rent review at the same time.

TDBRE and HRH Retail advised the vendor.  Caxtons represented the purchaser.