Restaurant, London, UK

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Restaurant, London, UK

24,500,000 £
44,708 £ /m²
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  • Total area
    548 m²
  • Yield
    3.9 %
  • Rental rate (m²/month)
    134 £
  • Built in 
    2017
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 883,771 £
Tenants
  • Fully let
  • End of lease: 2037
Transaction costs
  • Broker: 2.0 %

A restaurant in the center of London with a long-term lease agreement.

Description

The building has a basement of 174 m².

The planning consent restricts the restaurant to 220 covers at one time.

The restaurant was opened in the spring of 2017.

Financial performance

The cost of the property is 24,500,000 £.

Absolute annual income is 950,000 £.

The current yield of 3.9%.

Tenants

The tenant is a network of Japanese restaurants, numbering more than 140 branches in 17 countries.

The lease agreement is valid through 2037. The contract provides a 12-month rent free period.

Transaction costs

The brokerage fee is 2%.

Location and nearby infrastructure

The property is located in the area of Covent Garden. This is a popular shopping area, where the Royal Opera House is also located.

The museums, theaters, a sports hall and a library are situated not far from the building.

  • 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 Covent Garden elsewhere on our website.

Statistics in London

Price per m², £
12,035
Healthcare efficiency level
69
Index 69 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
48
Index 48 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 12,034.21
Apartment in a bedroom community, m² 6,818.76
Transport Price, £
Public transport, 1 ride 2.33
Monthly travel card 139.9
Taxi, 1 km 2.8
Petrol, 1 l 1.21
Food Price, £
Water, 1.5 l 0.85
Milk, 1 l 0.9
White bread, 500 g 1.03
Eggs, a dozen 1.9
Chicken fillet, 1 kg 5.79
Education Price, £
Kindergarten, per month 1,189.08
International school, per year 16,124.09
Health care index
Staff competence 67.36
Medical equipment 82.38
Research accuracy and completeness 67.4
Attitude towards patients 70.54
Security index
Crime rate 61.74
The risk of being robbed 53.97
The risk of car theft 49.78
The risk of break-in and property damage 57.75

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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Anna Kurianovich
Anna Kurianovich
Investment consultant in Covent Garden
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