Multifunctional center, Essex, United Kingdom

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Multifunctional center, Essex, United Kingdom

783,000 £
1,129 £ /m²
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  • Total area
    693 m²
  • Yield
    6.8 %
  • Rental rate (m²/month)
    6 £
Details
Property parameters
  • Number of parking lots: 6
  • 4-floor building
Financial performance
  • Annual income: 52,290 £
Tenants
  • Fully let
  • 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

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.

Statistics in the United Kingdom

Price per m², £
3,886
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 3,886.15
Apartment in a bedroom community, m² 2,672.06
Transport Price, £
Public transport, 1 ride 2.23
Monthly travel card 55.91
Taxi, 1 km 1.74
Petrol, 1 l 1.17
Food Price, £
Water, 1.5 l 0.9
Milk, 1 l 0.84
White bread, 500 g 0.92
Eggs, a dozen 1.73
Chicken fillet, 1 kg 5.34
Education Price, £
Kindergarten, per month 809.82
International school, per year 11,989.7
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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