A building with commercial premises in the city center.
Description
The building includes 4 floors.
Type of ownership: Freehold.
The cost of the property is 24,400,000 £.
Absolute annual income is 1,433,718 £.
The current net yield of 5.5%.
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.
The brokerage fee is 2%.
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.
