Multifunctional center with a large anchor tenant.
The property consists of retail units of 617 m², storage space of 76 m² on the ground floor and newly renovated apartments on the upper floors.
There is parking for 6 cars in the territory of the property.
The building is in good condition.
Type of ownership: Freehold.
The cost of the property is 782,500 £.
The absolute annual income is 55,700 £.
The current yield is 6.8%.
The anchor tenant is the largest retail bank in the UK. The company's turnover for 2016 exceeds 19 billion euros. The company's share in the retail banking market is 21%.
The lease agreement is valid until 2025. The tenant presents in the building for a long time, the last renewal of the contract was in 2015.
Acquisition tax is 5,5%.
The brokerage fee is 2% + 20% VAT (in total 2,4%).
The property is located in Essex, in one of the suburbs of the Haverning district approximately in 29 km to the north-east of Central London.
The town has a convenient network of transport stations: metro, railway and bus stations.
The town has numerous national retailers and restaurants including: Sainsbury, Boots, Zizzi, Prezzo, Wildwood and Chimichanga.
The airport can be reached in 30 minutes by car.
Distance to major cities:
- Brentwood — 10 km
- Romford — 3 km