Coffee shop and bakery, Portsmouth, UK

Additional information is provided after the signing of an NDA

Coffee shop and bakery, Portsmouth, UK

1,900,000 £
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Yield: 6.3%
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Features
  • Operating Incomе: 141,541 €
  • Occupancy: 100%
  • Broker: 3.0%

Commercial premises on the ground floor of the building.

Description

The property can be purchased on a forward commitment basis.

Construction will be completed in 11 months.

Financial performance

The cost of the property is 1,900,000 £.

Absolute annual income is 127,000 £.

The current net yield of 6.3%. 

Tenants

The tenants are:

The international coffee shop network, numbering more than 24 thousand outlets all over the world. The annual turnover of the company exceeds 12,400 billion pounds.

The lease agreement is valid for 20 years. The rent to be reviewed on each 5th anniversary of the term in an upwards only direction in line with RPI.

A large British bakery with more than 1,700 outlets. The annual turnover of the company is more than 890 million pounds.

The lease agreement is valid for 15 years. The rent to be reviewed every 5 years.

Transaction costs

The brokerage fee is 3%.

Location and nearby objects

The property is located in the city of Portsmouth in the southern part of England.

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Enquire about this restaurant
Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Portsmouth
+44 20 3608 1267
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    • Bank financing from 2% annually
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