Modern restaurant in Chelsea

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Modern restaurant in Chelsea

3,475,000 €
17,912 € /m²
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  • Total area
    194 m²
  • Yield
    4.3%
Details
Property parameters
  • 3-floor building
  • 1 floor
Financial performance
  • Annual income: 150,828 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2016

It is a restaurant on the ground floor of a small building.

Description

The total area of the proeprty is 194 m², of which:

  • 104 m² on the ground floor;
  • 90 m² in the basement.

The restaurant is situated in a three-storey building, refubrished in 2016. Two upper floors accomodate two apartments, which are sold separately.

There is outside seating onto street.

Tenure: Freehold.

The property is leased out to a major tenant.

Financial performance

Absolute income is 130,700 £.

The current yield of 4,3%.

Transaction costs of 6,45%.

Tenants

Tenant is a fish and seafood restaurant.

The lease agreement is signed for 20 years until 2036 with the 5 yearly indexation of rental rates due to the market rent reviews.

Location and nearby infrastructure

The restaurant is sutuated at the intersection of two streets, just 100 meters from the Thames.

There are many shops and cafes in walking distance, metro is withing a 15-minute walk.

  • Property on the map
    Location right down to the building, street or city

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