Multifunctional center, Essex, United Kingdom

Additional information is provided after the signing of an NDA

Multifunctional center, Essex, United Kingdom

783,000 £
1,129 £ /m²
Send a request
Send via email
  • Total area
    693 m²
  • Yield
    6.8 %
  • Rental rate (m²/month)
    6 £
Send a request
Send via email
Details
Property parameters
  • Number of parking lots: 6
  • 4-floor building
Financial performance
  • Annual income: 52,593 £
Tenants
  • Occupancy: 100 %
  • End of lease: 2025
Transaction costs
  • Acquisition tax: 5.5 %
  • Broker: 2.0 %

Multifunctional center with a large anchor tenant.

Description

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.

Financial performance

The cost of the property is 782,500 £.

The absolute annual income is 55,700 £.

The current yield is 6.8%.

Tenants

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.

Transaction costs

Acquisition tax is 5,5%.

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

Location

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

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

Statistics in the United Kingdom

Price per m², £
3,908
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 3,908.67
Apartment in a bedroom community, m² 2,687.55
Transport Price, £
Public transport, 1 ride 2.25
Monthly travel card 56.23
Taxi, 1 km 1.75
Petrol, 1 l 1.18
Food Price, £
Water, 1.5 l 0.91
Milk, 1 l 0.85
White bread, 500 g 0.93
Eggs, a dozen 1.74
Chicken fillet, 1 kg 5.37
Education Price, £
Kindergarten, per month 814.52
International school, per year 12,059.19
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.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in the United Kingdom.

You can see more mixed-use buildings for sale in Essex elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

Invest in development project

Send a request
    When you submit a request, you agree to our terms and conditions

    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

    Similar listings

    We select ads that may interest you.

    Enquire about this mixed-use building
    Julia Morozova
    Julia Morozova
    Investment consultant in Essex
    +44 17 4822 0039
    Send a request
      When you submit a request, you agree to our terms and conditions
      • Bank financing from 2% annually
      • Property, plot and construction site survey
      • Management company services
      Call us
      Send a request
      Location choice
      • еще ...
      • City, Region, Country
      Loading...
      • Nothing found
      • Nothing found