A two-storey supermarket with a long-term lease.
Description
The supermarket consists of a retail space of 1,705 m² and includes a warehouse and an additional storage room on the top floor.
There is parking for 20 cars in the territory of the property.
The building was built in 1980.
Type of ownership: Freehold.
The cost of the property is 4,750,000 £.
The absolute annual income is 288,000 £.
The current yield is 5.7%.
The tenant is the largest retail network with over 1200 supermarkets all over the country. The annual turnover of the company exceeds 20 million euros. The company holds 16% of the total food market in the UK.
The lease agreement is concluded for 35 years and is valid until 2025.
The property tax is 6.6%.
The brokerage fee is 2% + 20% VAT (in total 2.4%).
The property is located in one of the commercial cities of Essex with a population of more than 11 thousand people.
The city has a well-developed public transport network, including buses and railways that connect it to other major cities in the country.
Distance to the airport is 32 km.
