Multifunctional center, Staffordshire, United Kingdom

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Multifunctional center, Staffordshire, United Kingdom

1,645,000 £
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Total area: 4,549 m² Yield: 9.0%
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Features
  • Operating Incomе: 176,220 €
  • 4-floor building
  • Occupancy: 100%
  • Number of parking lots: 21
  • Acquisition tax: 6.2%
  • Broker: 2.0%

Multifunctional center in the center of the city.

Description

The property consists of five retail premises with an area of 4,549 m² on the ground and first floors, residental rooms on the three upper floors and the basement. 

Commercial space includes a shop, a cafe, a real estate agency, a restaurant.

There is a parking for 21 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 1,645,000 £.

The absolute annual income is 156,964 £.

The current yield is 9%.

Tenants

Anchor tenants are a large retail optics chain with a market share of more than 40% and an American gambling network with a net profit of more than 200 million euros.

The WAL is 3.6 years.

Transaction costs

Acquisition tax is 6,2%.

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

Location

The property is located in the center of the city with a population of more than 70 thousand people, in 19 km to the south-west of Derby.

There is a convenient transport interchange connecting it with London.

There are Primark, Lloyds, HSBC, Cooper Square Shopping Center and the metro nearby.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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