Hypermarket in Easten London

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Hypermarket in Easten London

31,400,000 £
4,699 £ /m²
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  • Total area
    6,681 m²
  • Yield
    5.3 %
  • Rental rate (m²/month)
    20 £
Details
Property parameters
  • Total premises: 2
  • Number of parking lots: 250
  • 4-floor building
  • 1 floor
Financial performance
  • Annual income: 1,618,592 £
Tenants
  • Fully let

It is a large supermarket investment, which occupies the entire ground floor of an apartment house in Welling, 17 km south-east from central London.

Description

Thade premises of the hypermarket are located on the ground floor of the building, auxiliary premises are on the first floor.

The total area of 6,681 m².

The property features a double height glazed frontage 73 meters long, which provides good level of natural light. There is an additional enclosed service yard of 579 m² with vehicular loading bay accessed directly from Welling High Street.

There are 250 dedicated lower level car parking spaces. Customer vehicular access to the underground car park is via a ramp directly accessed from the street.

There are 64 residential apartments on the upper floors of the building.

Tenure: Freehold.

The property is fully leased out on a long term.

Financial performance

Absolute income is 1,546,052 £.

The current yield of 5,3%.

Tenants

The anchor tenant is Tesco, the leading grocery chain in the UK.

Tesco was opened in 1919 and has more than 7,800 stores and supermarkets all over the world. The company employs 517,000 employees.

Tesco's share on the UK grocery market is 28%, the company's annual turnover exceeds £ 42 billion.

The lease agreement was signed in 2010 for 25 years with lease renewal every 5 years.

Location and nearby infrastructure

The property is situated on a prominent position on the main retail street of densely populated borough of London.

The street features good transport accessibility by personal transport. Public transport, metro and train stations are in the immediate vicinity of the area. It is planned to open a new crossrail station in 2017.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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Statistics in London

Price per m², £
11,948
Healthcare efficiency level
69
Index 69 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
48
Index 48 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, £
Apartment in the city centre, m² 11,947.78
Apartment in a bedroom community, m² 6,769.79
Transport Price, £
Public transport, 1 ride 2.32
Monthly travel card 138.89
Taxi, 1 km 2.78
Petrol, 1 l 1.2
Food Price, £
Water, 1.5 l 0.85
Milk, 1 l 0.9
White bread, 500 g 1.02
Eggs, a dozen 1.89
Chicken fillet, 1 kg 5.75
Education Price, £
Kindergarten, per month 1,180.54
International school, per year 16,008.28
Health care index
Staff competence 67.36
Medical equipment 82.38
Research accuracy and completeness 67.4
Attitude towards patients 70.54
Security index
Crime rate 61.74
The risk of being robbed 53.97
The risk of car theft 49.78
The risk of break-in and property damage 57.75

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Anna Kurianovich
Anna Kurianovich
Investment consultant in London
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