Package of shops, England, United Kingdom

Additional information is provided after the signing of an NDA

Package of shops, England, United Kingdom

3,425,000 £
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Total area: 2,526 m² Yield: 6.5% Built in 1980
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Features
  • Operating Incomе: 264,840 €
  • Occupancy: 100%
  • Number of parking lots: 49
  • End of lease: 2030
  • Acquisition tax: 5.9%
  • Broker: 2.0%

Three retail stores with long-term lease.

Description

The property consists of three properties with an area of 732 m², 988 m² and 806 m².

The first property is a supermarket on the ground floor of a brick building of 1980. There is parking for buyers for 10 cars in the territory.

The second property is a commercial unit on the ground floor of a three-storey brick building of 1980. There is parking for buyers for 12 cars in the territory.

The third property is a commercial unit on the ground floor of a two-storey steel framed building of 1980. There is parking for buyers for 27 cars in the territory. 

Type of ownership: Freehold.

Financial performance

The cost of the property is 3,425,000 £.

The absolute annual income is 235,903 £.

The current yield is 6.5%.

The projected annual income is 301,976 £.

The projected annual yield is 8.3%.

Tenants

The tenant is the British supermarket chain. Net profit of the company is more than 160 million. The company's share in the food market is 2.2%.

The lease agreements are valid until 2030.

Transaction costs

Acquisition tax is 5,9%.

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

Location

The first property is located in one of the cities of Kent with a population of more than 40 thousand people. There are the pedestrian zone and many retail chains nearby: MacDonalds, Boots the Chemical, Poundland, New Look, Cafe Nero and others.

The distance to the airport is 6 km.

The second property is located in one of the suburbs of Bournemouth, a popular resort on the English Channel. There are many public buildings in the city, so conferences and congresses are often held. There is a convenient traffic intersection and a large number of important highways.

The third property is located in the suburbs of Birmingham, the second largest city in the UK. The city is a major transport hub for road, rail and river transport.

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 England elsewhere on our website.

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Enquire about this shop
Olga Starintseva
Real Estate Expert Tranio in England
+44 17 4822 0039
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