Office center, London, Great Britain

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Office center, London, Great Britain

19,500,000 £
6,749 £ /m²
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  • Total area
    2,889 m²
  • Yield
    2.5 %
  • Rental rate (m²/month)
    13 £
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Details
Property parameters
  • Land area: 2,428 m²
  • Number of parking lots: 29
Financial performance
  • Annual income: 473,723 £

Three commercial buildings.

Description

Total area of the property is 2,899 m²

Property consists of three buildings.

The first office building was built in 1882 and comprised of 6 above-ground floors and 2 underground floors. The area of the building — 2,004 m² The elevator was installed in 2015.

The second office building was built in 1905 and comprised of 5 above-ground floors and 2 underground floors. The area of the buidling — 682 m² The elevator was installed in 2015.

The third building was built in 1991 and comrised of 2 above-ground floors and 1 underground floor. The building is meant to be a restaurant and now is vacant.

All buildings are sitauted on the same land plot with area of 2,428 m²

The purchase price of the property includes underground parking for 29 cars.

The type of ownership: Freehold.

Financial performance

Absolute annual income is 491,546 £.

The current yield of 2.5%.

After renovation of premises and singing of new lease agreements:

Projected absolute annual income is 1,476,169 £.

The projected yield of 7.6%.

Location and nearby infrastructure

Property is situated in the central part of the city. Community amenities and public transport stops are located within walking distance.

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

Statistics in London

Price per m², £
11,994
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 11,994.07
Apartment in a bedroom community, m² 6,796.02
Transport Price, £
Public transport, 1 ride 2.33
Monthly travel card 139.43
Taxi, 1 km 2.79
Petrol, 1 l 1.2
Food Price, £
Water, 1.5 l 0.85
Milk, 1 l 0.9
White bread, 500 g 1.03
Eggs, a dozen 1.89
Chicken fillet, 1 kg 5.77
Education Price, £
Kindergarten, per month 1,185.12
International school, per year 16,070.3
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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The best development offer

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Application deadline: January 30

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  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in London
    +44 17 4822 0039
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