Supermarket, London, UK

Additional information is provided after the signing of an NDA

Supermarket, London, UK

2,950,000 £
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Total area: 455 m² Yield: 4.5%
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Features
  • Operating Incomе: 147,285 €
  • 1 floor
  • Occupancy: 100%
  • End of lease: 2032
  • Broker: 2.0%

Retail space on the ground floor of the apartment building.

Description

The supermarket was opened in September 2017.

Ownership type: Virtual freehold.

Financial performance

The cost of the property is 2,950,000 £.

Absolute annual income is 132,500 £.

The current yield of 4.5%. 

Tenants

The anchor tenant is a network of British supermarkets, numbering more than 300 branches in the UK. The annual turnover of the company is more than 5 billion pounds sterling.

The lease agreement is valid through 2032 with 10 year Tenant Break Option. Rent is reviewed every 5 years according to the consumer price index.

Transaction costs

The brokerage fee is 2%.

Location and nearby objects

The property is located in the Finchley district, in northern London. The metro station is situated in a walking distance from the building. The Kings Cross Station can be reached in a 19-minute drive, the Tottenham Court Road — in a 22-minute drive and the nearest bank — in a 28-minute drive. There are several bus routes close to the supermarket, as well as the ring road leading to the motorway exit.

More properties

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

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Enquire about this supermarket
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 2% annually
    • Construction site audits
    • Management company services