Shop in the center of London, UK

Additional information is provided after the signing of an NDA

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.

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Enquire about this shop
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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    • Bank financing from 2% annually
    • Construction site audits
    • Management company services