Foodstore, Leicestershire, United Kingdom

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Foodstore, Leicestershire, United Kingdom

£3,850,000
£642 /m²
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  • Total area
    5,994 m²
  • Yield
    6.7 %
  • Rental rate (m²/month)
    £4
Details
Property parameters
  • Land area: 8,094 m²
  • Number of parking lots: 122
  • 1-floor building
Financial performance
  • Annual income: £278,356
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Acquisition tax: 6.5 %
  • Broker: 2.0 %

A foodstore in a developed trading city.

Description

The property consists of a ground floor of 5,762 m² and a canopy of 232 m².

There is parking for 122 cars in the territory of the property.

The adjoining plot is 2 acres.

The building is in good condition.

Type of ownership: Freehold.

Financial performance

The cost of the property is 3,850,000 £.

The absolute annual income is 276,500 £.

The current yield is 6.7%.

Tenants

The tenant is the largest retail chain of grocery stores in the UK, which has existed for 150 years. The company's turnover for 2016 amounted to 10.6 billion euros. The company owns 5.8% of the shares of the entire product market.

The lease agreement is valid until 2025 and provides the indexation of the rent in 2020.

Transaction costs

Acquisition tax is 6,5%.

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

Location

The property is located in Leicestershire in a city with a population of more than 110 thousand people. A convenient transport network connects the city with the main cities of Great Britain.

The distance to Birmingham is less than 50 km.

There is the main shopping street, a school and the public transport stops nearby. This property is the dominant retail food center in the central part of the city.

  • Property on the map
    Location right down to the building, street or city

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 Leicestershire elsewhere on our website.

Statistics in the United Kingdom

Price per m², £
4,167
Healthcare efficiency level
75
Index 75 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
56
Index 56 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 4,167.33
Apartment in a bedroom community, m² 2,865.4
Transport Price, £
Public transport, 1 ride 2.39
Monthly travel card 59.95
Taxi, 1 km 1.87
Petrol, 1 l 1.26
Food Price, £
Water, 1.5 l 0.97
Milk, 1 l 0.91
White bread, 500 g 0.99
Eggs, a dozen 1.86
Chicken fillet, 1 kg 5.73
Education Price, £
Kindergarten, per month 868.42
International school, per year 12,857.22
Health care index
Staff competence 74.52
Medical equipment 84.58
Research accuracy and completeness 72.47
Attitude towards patients 77.82
Security index
Crime rate 48.94
The risk of being robbed 41.2
The risk of car theft 41.77
The risk of break-in and property damage 51.92

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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