Foodstore, Leicestershire, United Kingdom

Additional information is provided after the signing of an NDA

Foodstore, Leicestershire, United Kingdom

3,850,000 £
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Total area: 5,994 m² Yield: 6.7%
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Features
  • Operating Incomе: 310,420 €
  • Land area: 8,094 m²
  • 1-floor building
  • Occupancy: 100%
  • Number of parking lots: 122
  • End of lease: 2025
  • 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.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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