Commercial center in Eastern Greater London

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Commercial center in Eastern Greater London

2,100,000 £
2,253 £ /m²
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  • Total area
    932 m²
  • Yield
    7.4 %
  • Rental rate (m²/month)
    13 £
  • Built in 
    2000
Details
Property parameters
  • Land area: 1,900 m²
  • Number of parking lots: 30
  • 2-floor building
Financial performance
  • Annual income: 154,363 £
Tenants
  • Fully let

It is a commercial building for sale.

Description

The total area of the two-story building is 932 m².

The plot of 1,900 m².

Building with glazed elevations was constructed as a car showroom buidlding in 2000. The entire ground floor is occupied by a showroom and workshop, the first floor accomodates offices.

There is parking for 30 cars.

Tenure: Freehold.

The property is fully leased out.

Features

  • Three electric loading doors;
  • Gas heating;
  • Air conditioning;
  • Secured yard;
  • Internal height of 5,3 meters.

Financial performance

Absolute income is 155,750 £.

The current yield of 7,4%.

Purchaser's costs of 6,3%.

Tenants

Tenant is Lookers Southern Ltd, one of the largest vehicle retailers in the UK.

The company operates more than 99 car trade centers and its annual turnover exceeds £ 3.5 billion.

The non-terminable lease agreement is valid is until 2025.

There is also a college subtenant. The lease agreement is valid until 2025.

Location and nearby infrastructure

The property is situated near the road.

There are shops, cafes and bus stop in the neighborhood.

The nearest railway station is 1,5 km to the east.

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

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in the United Kingdom.

You can see more mixed-use buildings for sale in Romford elsewhere on our website.

Statistics in London

Price per m², £
11,937
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 11,936.93
Apartment in a bedroom community, m² 6,763.64
Transport Price, £
Public transport, 1 ride 2.32
Monthly travel card 138.77
Taxi, 1 km 2.77
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 1.88
Chicken fillet, 1 kg 5.74
Education Price, £
Kindergarten, per month 1,179.47
International school, per year 15,993.75
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 Romford
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