Multifunctional center, South Yorkshire, United Kingdom

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Multifunctional center, South Yorkshire, United Kingdom

4,750,000 £
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Total area: 28,500 m² Yield: 8.1%
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Features
  • Operating Incomе: 330,115 €
  • 4-floor building
  • Occupancy: 96%
  • Number of parking lots: 51
  • Acquisition tax: 6.6%
  • Broker: 2.0%

Multifunctional center in the center of the city.

Description

The property consists of office, retail and entertainment units, including a billiard room, several bars and nightclubs.

There is a parking for 51 cars in the territory of the property.

The building is in good condition. 

There is the possibility of using premises as residential, including student apartments, as well as the potential for increasing the total area.

Type of ownership: Freehold.

Equipment

  • double glazing
  • basement
  • steel frame

Financial performance

The cost of the property is 4,750,000 £.

The absolute annual income is 409,216 £.

The current yield is 8.1%.

Tenants

There are 10 tenants in the building.

The WALT is 6.9 years.

Transaction costs

Acquisition tax is 6,6%.

The brokerage fee is 2% + 20% VAT (in total 2,4%).

Location

The property is located in Yorkshire, just north of London.

The district is an intermediate point between Edinburgh and London.

A convenient network of transport stations connects the city with the main cities of Great Britain.

Large investments in the city's economy are expected, which contribute to social, cultural development and increasing tourism.

The complex is located in the heart of the city, which makes it attractive for leisure and retail. There are pubs, bars, nightclubs and other places for recreation nearby.

The airport can be reached in 20 minutes by car.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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