Pub in the City of London

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Pub in the City of London

£16,580,000
£34,045 /m²
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  • Total area
    487 m²
  • Yield
    4.0 %
  • Rental rate (m²/month)
    £119
Details
Property parameters
  • 5-floor building
Financial performance
  • Annual income: £696,580
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2012
Features
  • Street retail

It is a pub in Soho, one of the most prestigious areas of London.

Description

The total area of the five-storey building with a basement is 487 m².

The property was renovated in 2012 and now is in excellent condition.

The ground floor accomodates main trading areal with a mix of seating around the main bar servery.

The first floor provides a restaurant with its own bar servery, as well as WCs for visitors.

The second floor has a kitchen, office and store room.

The third floor includes a staff room, living room, kitchen, bathroom and WC.

The upper floor accomodates three bedrooms, bathroom and WC.

There is a beer cellar, storage room and WCs for visitors in the basement.

Tenure: Freehold.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 663,451 £.

The current yield of 4%.

Transaction costs of 6,74%.

Tenants

The tenant is Spirit Pub Company, which together with Greene King Plc is the largest UK managed pub company.

The merged company operates under several brands and has more than 3,000 public houses in the UK.

The company's revenues in the last year exceeded £ 10 million.

Non-terminable lease agreement is valid until 2044.

Location and nearby infrastructure

The property is situated near the shops, restaurants and offices of major international companies.

Public transport and metro stations are within the walking distance.

  • 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 restaurants for sale in the United Kingdom.

You can see more restaurants for sale in Soho elsewhere on our website.

Statistics in London

Price per m², £
12,687
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 12,687.01
Apartment in a bedroom community, m² 7,188.65
Transport Price, £
Public transport, 1 ride 2.46
Monthly travel card 147.48
Taxi, 1 km 2.95
Petrol, 1 l 1.27
Food Price, £
Water, 1.5 l 0.9
Milk, 1 l 0.95
White bread, 500 g 1.09
Eggs, a dozen 2.0
Chicken fillet, 1 kg 6.11
Education Price, £
Kindergarten, per month 1,253.59
International school, per year 16,998.75
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.

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