Shop in the center of London, UK

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Shop in the center of London, UK

1,881,000 £
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Total area: 483 m² Yield: 4.4%
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Features
  • Operating Incomе: 92,650 €
  • 3-floor building
  • 1 floor
  • Occupancy: 100%
  • Broker: 3.0%

Retail unit on the ground floor of the residential building.

Description

The shop occupies the ground floor in the two-storey building.

The area of the retail space is 456 m².

The area of the ancillary is 27 m².

Type of ownership: Freehold

Financial performance

The cost of the property is 1,881,000 £.

The absolute annual income is 82,000 £.

The current yield of 4.4%. 

The absolute annual income after the rent indexation 21.07.2019 will be:

  • 92,500 £ with the yield of 4,9% until 21.07.2024;
  • 104,000 £ with the yield of 5,5% until the end of the lease agreement 21.07.2029.

Tenants

The effective full repairing and insuring lease agreement is valid until 21/07/2029 and provides the rent indexation.

The tenant is a British supermarket chain with more than 350 stores, supplying several goods to members of the royal family.

Transaction costs

The brokerage fee is 3%.

Location

The shop is located in the Central London in Pimlico.

Pimlico is a sought-after location, being immediately surrounded

by Chelsea, Belgravia, St James's and Westminster.

The shop is situated not far from the Victoria Station, the second busiest rail hub in the UK.

The general area, where the shop is located, is experiencing large scale development with the construction of numerous development projects.

Statistics in London

Price per m², £
13,408
Healthcare efficiency level
68
Crime rate
52
Real estate Price, £
Apartment in the city centre, m² 13,408.2
Apartment in a bedroom community, m² 7,272.11
Transport Price, £
Public transport, 1 ride 2.51
Monthly travel card 150.58
Taxi, 1 km 3.01
Petrol, 1 l 1.3
Food Price, £
Water, 1.5 l 0.93
Milk, 1 l 0.94
White bread, 500 g 1.09
Eggs, a dozen 2.05
Chicken fillet, 1 kg 6.32
Education Price, £
Kindergarten, per month 1,296.45
International school, per year 17,002.96
Health care index
Staff competence 66.85
Medical equipment 82.33
Research accuracy and completeness 66.51
Attitude towards patients 69.57
Security index
Crime rate 61.69
The risk of being robbed 53.93
The risk of car theft 49.81
The risk of break-in and property damage 57.98

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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Enquire about this shop
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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