Commercial · For sale

Sainsbury's, South Woodford – Long-Income London Foodstore Investment

George Lane, South Woodford, London, Greater London, E18 1AY

Guide price £28,000,000

Tenure

Freehold

Added

18 Oct 2026

About this property

The property comprises an integrated foodstore, cinema and ancillary retail scheme extending to 125,793 sq ft (11,687 sq m) of gross accommodation, together with a 250-space customer car park on a substantial 4.2-acre island site. Foodstore. Sainsbury's store trades from 59,107 sq ft (5,491 sq m), arranged as a single sales floor at ground level with ancillary offices, staff areas and storage at first floor. It is fitted out to Sainsbury's corporate specification. Cinema. The Odeon cinema fronts the High Road and continues to operate as a 7-screen multiplex, the sole cinema serving the Woodford area. Whilst this is an obvious redevelopment opportunity, the cinema has a large and loyal catchment with very little competition and has a robust future as an entertainment venue. Ancillary retail & kiosk. Five in-line retail units at 170-196 George Lane and a Timpson kiosk complete the scheme, giving the property a critical mass of complementary tenants and an established secondary footfall along George Lane.

Key points: - Long-income London foodstore in the affluent Zone 4 suburb of South Woodford (London Borough of Redbridge). - Freehold, extending to 4.2 acres (1.70 hectares), held under three registered titles. - 105,247 sq ft (9,778 sq m) of income-producing accommodation, anchored by a 59,107 sq ft Sainsbury's foodstore, plus a 7-screen Odeon cinema, five high street units and a Timpson kiosk. - 250-space, part-decked customer car park providing a parking ratio for the foodstore of 1:236 sq ft. - Entirely let on a Full Repairing and Insuring reversionary lease to Sainsbury's Supermarkets Ltd, with a guarantee from J Sainsbury plc. - Reversionary lease term: 25th March 2024 to 1st December 2042 - with 16.25 years unexpired as at September 2026. - Four programmed, upward-only, open-market rent reviews - every fifth year on 25th March through to 2039. - Sainsbury's has underlet the ancillary retail, kiosk and cinema accommodation and retains 100% of the sub-tenant income; the entirety of the property is therefore let on a single line to one investment-grade covenant. - Current passing rent of £1,600,000 per annum, equating to £22.50 per sq ft (foodstore sales area), considered to be both sustainable and reversionary. - J Sainsbury plc: FTSE 100 constituent; group revenue of £33.6bn (FY25/26); 16.3% UK grocery market share (Kantar, Dec 2025); 'BBB' rated by S&P Global.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Passing Rent: £1.6m p.a.
• Net Initial Yield: 5.35%
• Tenure: Freehold