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327-329 Commercial Road, Whitechapel, London
Secure London foodstore investment let to Sainsbury's Supermarkets Ltd
Key highlights
Property Features
- Virtual freehold with approximately 981 years unexpired at a peppercorn rent
- Prominent convenience foodstore on Commercial Road, one of East London's principal arterial routes, in the London Borough of Tower Hamlets
- Self-contained commercial unit over ground and lower-ground floors, extending to approximately 5,051 sq ft (GIA)
- Let in its entirety to Sainsbury's Supermarkets Ltd until 18th January 2031, providing a WAULT of approximately 4.38 years to expiry
- Current passing rent of £113,084 per annum, equating to a highly reversionary £22.39 per sq ft overall
- Sainsbury's is the UK's second-largest grocery retailer and a strong, nationally recognised covenant
- Strategically positioned between the City of London and Canary Wharf, with Shadwell and Whitechapel stations within easy walking distance
Full Details
Full Details
Description
The property comprises a purpose-built commercial unit arranged over ground and lower-ground floors at 327–329 Commercial Road. The premises are occupied and trading as a Sainsbury’s Local convenience foodstore.
The ground floor provides the principal customer-facing retail accommodation, with prominent frontage and direct pedestrian access from Commercial Road. The lower-ground floor provides ancillary accommodation associated with the operation of the store, including storage, staff and back-of-house areas.
The property forms part of a larger mixed-use building, with residential accommodation situated above and outside the subject ownership. The commercial premises extend to approximately 5,051 sq ft in total.
