Investments / Sainsbury’s, New Barnet, EN4

A private investor has bought the freehold interest in the Sainsbury’s foodstore in New Barnet for circa £50 million.

The property comprises a purpose-built foodstore of 77,562 sq ft. It occupies a prime Greater London site of 2.6 acres (1.05 hectares). It is let for a further 17 years to Sainsbury’s Supermarkets Ltd on FRI terms and the rent is reviewed five yearly to RPI.

Price: Circa £50 million