Retail unit on the ground floor of the building under construction.
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
The property is located in the north-west of England, in Manchester.
