Shop, London, UK

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Shop, London, UK

3,492,000 €
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  • Yield
    4.2%
  • Built in 
    2018
Details
Financial performance
  • Annual income: 138,948 €
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0%

A store under construction with a long-term lease agreement.

Description

Price options 2,750,000 £ but forward fund in three stage payments or 3,000,000 £ forward commit which mean to pay between 5 – 10% now and the rest on completion.

Financial performance

The cost of the property is 3,000,000 £.

Absolute annual income is 125,000 £.

The current yield of 4.2%.

Tenants

The tenant is an international chain of clothing stores with more than 880 outlets all over the world. The annual turnover of the company exceeds 9,000 billion pounds.

Lease agreement is valid for 20 years and provides 3 month rent free period. Rent is reviewed every 5 years according to the consumer price index.

Transaction costs

The brokerage fee is 2%.

Location and nearby infrastructure

The property is located in the Finchley district, in northern London. There are are many attractions here: the Church of St. Mary of XIII century, Avenue House, built in 1859 and representing an ancient Victorian building, ”College Farm“ — the last dairy farm in Finchley, the center of Judaism, located in the old manor.

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