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 %
Details
Financial performance
  • Annual income: 120,708 £
Tenants
  • Fully let
Transaction costs
  • 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 infrastructure

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

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other restaurants for sale in the United Kingdom.

You can see more restaurants for sale in Portsmouth elsewhere on our website.

Statistics in Portsmouth

Price per m², £
3,045
Healthcare efficiency level
80
Index 80 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
58
Index 58 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, £
Apartment in the city centre, m² 3,044.7
Apartment in a bedroom community, m² 2,137.5
Transport Price, £
Public transport, 1 ride 2.38
Monthly travel card 56.19
Taxi, 1 km 2.37
Petrol, 1 l 1.19
Food Price, £
Water, 1.5 l 0.84
Milk, 1 l 0.85
White bread, 500 g 0.95
Eggs, a dozen 1.78
Chicken fillet, 1 kg 5.71
Education Price, £
Kindergarten, per month 807.81
International school, per year 12,354.75
Health care index
Staff competence 77.5
Medical equipment 85.0
Research accuracy and completeness 85.0
Attitude towards patients 85.0
Security index
Crime rate 45.83
The risk of being robbed 34.72
The risk of car theft 48.53
The risk of break-in and property damage 56.94

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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