2 Hebden Place, Nine Elms, London, SW8 2FR
Virtual Freehold Supermarket investment Adjacent to Nine Elms Station1,250,000
1,873 sq ft
investment
Under Offer
Key features
- Adjacent to Nine Elms underground station (Northern Line), and Sainsbury’s supermarket. Nearby occupiers include Waitrose, Starbucks, The Alchemist, and District Coffee
- Affluent demographic - with 59% of the population categorised ‘City Sophisticates’ (16.2x larger than the national average) and 40% categorised affluent AB social grade (against a national average of 22.3%)
- Let on a 20-year term expiring June 2039, with 5 yearly breaks (13.50 years to expiry and 3.50 years to break) at a passing rent of £112,300 per annum. Subject to 5 yearly rent review to the higher of passing, open market, or uncapped/collared RPI.
- To be sold via existing 999-year long lease at a peppercorn rent
- Part of the larger Vauxhall Nine Elms Battersea (VNEB) opportunity area, one of the largest regeneration projects in Europe and that London has seen
- The property has a low EPC rating of B-37
- Lease contracted outside the 1954 Act security of tenure protection
Property Description
Unit E, Hebden Place is a prominently positioned ground-floor commercial unit within the Nine Elms Point development on Wandsworth Road, close to the junction with Nine Elms Lane. The mixed-use Nine Elms Point scheme comprises approximately 645 residential apartments, commercial units, affordable workspace and a Sainsbury’s superstore, set within a fully regenerated and densely populated urban environment. The unit is fully open plan and benefits from a large, highly visible corner position wi
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