Shop in the center of London, UK

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Shop in the center of London, UK

£1,881,000
£3,894 /m²
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  • Total area
    483 m²
  • Yield
    4.4 %
  • Rental rate (m²/month)
    £13
Details
Property parameters
  • 3-floor building
  • 1 floor
Financial performance
  • Annual income: £82,870
Tenants
  • Fully let
Transaction costs
  • 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.

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

More properties

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

You can see more retail space for sale in London elsewhere on our website.

Statistics in London

Price per m², £
12,862
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 12,861.67
Apartment in a bedroom community, m² 7,287.61
Transport Price, £
Public transport, 1 ride 2.5
Monthly travel card 149.52
Taxi, 1 km 2.99
Petrol, 1 l 1.29
Food Price, £
Water, 1.5 l 0.91
Milk, 1 l 0.97
White bread, 500 g 1.1
Eggs, a dozen 2.03
Chicken fillet, 1 kg 6.19
Education Price, £
Kindergarten, per month 1,270.84
International school, per year 17,232.76
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.

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