Investments / Sainsbury’s, New Barnet, EN4
A private investor has bought the freehold interest in the Sainsbury’s footsore 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
Type: Investment Purchase