Pret A Manger and Kimchi & Tofu, Unit 1 River Mill One and Unit 2 River Mill 2, Station Road, Lewisham, SE13 5FL
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We have been instructed to market the above prime long leasehold retail and restaurant investment opportunity. A summary of the investment is set out below.
• Two modern well configured food & beverage restaurant units in a prominent position close to Lewisham DLR, mainline railway and bus stations.
• Let to Pret a Manger (Europe) Limited and Kiki & MiuMiu Lewisham Limited (trading as Kimchi & Tofu) at a total passing rent of £115,000 per annum.
• Potential for significant reversion on the Pret a Manger unit open market review in September 2027.
• 1,811 sq.ft restaurant and bar let to Kiki & MiuMiu and 3,033 sq.ft to Pret a Manger.
Offers are sought in excess of £1,445,000, which reflects a net initial yield 7.50%, assuming costs of purchase of 6.10%.
