Supermarket, Manchester, United Kingdom

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Supermarket, Manchester, United Kingdom

960,000 £
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Total area: 322 m² Yield: 6.3% Built in 2018
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Features
  • Operating Incomе: 66,896 €
  • 1 floor
  • Occupancy: 100%
  • Broker: 3.0%

Retail unit on the ground floor of the building under construction.

Description

The construction will be completed in October 2018.

Financial performance

The cost of the property is 960,000 £.

Absolute annual income is 60,000 £.

The current yield of 6.3%. 

Tenants

The tenant is a British consumer cooperative with more than 4,000 branches in the UK. The annual turnover of the company exceeds 9 billion pounds.

The lease agreement is valid for 10 years and includes extension options for 2х5 years.

The rent is reviewed every 5 years, depending on the CPI, and may increase by 1–3%.

Transaction costs

The brokerage fee is 3%.

Location and nearby objects

The property is located in the north-west of England, in Manchester.

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Enquire about this supermarket
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services