Department Store, Kent, UK

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Department Store, Kent, UK

24,400,000 £
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Total area: 10,822 m² Yield: 5.5%
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Features
  • Operating Incomе: 1,597,874 €
  • Land area: 4,000 m²
  • 4-floor building
  • Occupancy: 100%
  • End of lease: 2034
  • Broker: 2.0%

A building with commercial premises in the city center.

Description

The building includes 4 floors.

Type of ownership: Freehold.

Financial performance

The cost of the property is 24,400,000 £.

Absolute annual income is 1,433,718 £.

The current net yield of 5.5%. 

Tenants

The tenant is a large trading company with more than 170 department stores in three European countries. The annual operating income of the company is more than 130 million pounds.

The lease agreement is valid through March 24, 2034.

Transaction costs

The brokerage fee is 2%.

Location and nearby objects

The property is located in the center of one of the most ancient cities in England in Kent. The city is visited annually by millions of tourists, there are castles and cathedrals, as well as the ruins of Roman and the first Christian buildings.

The banks, a park and a cathedral are situated close to the building.

Statistics in the United Kingdom

Price per m², £
3,839
Healthcare efficiency level
75
Crime rate
43
Real estate Price, £
Apartment in the city centre, m² 3,839.5
Apartment in a bedroom community, m² 2,753.47
Transport Price, £
Public transport, 1 ride 2.38
Monthly travel card 59.54
Taxi, 1 km 1.7
Petrol, 1 l 1.23
Food Price, £
Water, 1.5 l 0.97
Milk, 1 l 0.89
White bread, 500 g 0.97
Eggs, a dozen 1.83
Chicken fillet, 1 kg 5.65
Education Price, £
Kindergarten, per month 849.11
International school, per year 12,699.58
Health care index
Staff competence 74.52
Medical equipment 84.74
Research accuracy and completeness 72.48
Attitude towards patients 77.43
Security index
Crime rate 48.12
The risk of being robbed 40.54
The risk of car theft 41.38
The risk of break-in and property damage 51.28

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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Olga Starintseva
Real Estate Expert Tranio in Kent
+44 17 4822 0039
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