Tesco’s, Fulham Reach, London

Secure food store & café investment

Disposal of a prominent food store and café at the entrance to Fulham Reach, SW6. The properties are let to Tesco for a term of 20 years with 5 yearly RPI linked rent reviews and Harris & Hoole for a term of 10 years.
Fulham Reach is a highly prestigious development by St George PLC of over 60,000m2 which will bring 744 new homes to the riverside and provide a further 45,000 sq ft of retail, leisure, and office accommodation.
Bruce Gillingham Pollard advised on the sale of this very popular asset and achieved a sale price of  £2,325,000 reflecting  a net initial yield of 4.60%

Project Detail

The properties comprise of modern purpose built retail units, which provide well configured retail accommodation arranged over ground floor level with a full height glazed frontage onto Distillery Wharf Street and into Regal Court.

The units are positioned below residential accommodation which has been sold to a majority share of owner occupiers. This will provide 744 luxury flats with the whole phased development due for completion in 2021.

Local office population exceeds 70,000 (within 0.7miles) with Betfair being located next door as well as other national head quarters including L’Oreal, Virgin, and GE being located within the immediate vicinity of Hammersmith Station.
St George PLC is part of The Berkeley Group Holdings plc, a FTSE 100 British property developer. They create vibrant new residential and mixed-use developments across the capital, from the stylish new dockside location, Chelsea Creek and vibrant dockside development, to Beaufort Park near Hendon, North West London.
Please contact Harry Wills or Jack Barratt.