12-20 Wood St 4,187 SF Retail Building London E17 3HT $1,258,678 ($300.62/SF) 5.75% Cap Rate

We are selling the long leasehold investment with the existing 125 year lease dated 1st April 1982. The lease to Tesco was agreed in September 2013 for a period 20 years, expiring in September 2033.
Tesco-let retail investment in Walthamstow — £59,547 pa income - 6.27% gross yield - RPI-linked review due in July 2028.
A rare opportunity to acquire a secure retail investment in a busy London location. The property comprises a substantial ground floor retail unit let to Tesco, generating a current rental income of £59,547 per annum. The lease includes upward-only RPI-linked rent reviews, the last of which was in July 2023 with the next scheduled for July 2028. Offered at a reduced price of £950,000, the investment reflects a gross initial yield of 6.27% and a net initial yield of 5.75% (assuming standard purchaser’s costs). The property benefits from prominent frontage, excellent footfall, and long-term income from a strong national covenant.