Commercial premises, London, UK

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Commercial premises, London, UK

3,163,000 €
12,805 € /m²
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  • Total area
    247 m²
  • Yield
    4.6%
Details
Property parameters
  • 3-floor building
  • 1 floor
Financial performance
  • Annual income: 151,561 €
Tenants
  • Fully let
Transaction costs
  • Acquisition tax: 6.4%
  • Broker: 2.0%

Retail units with famous tenants on the ground floor of the building.

Description

The property consists of three commercial premises with a total area of 247 m² with high ceilings and a glazed frontage.

The commercial space includes a cafe of 59 м2, an Italian restaurant of 92 m² with a kitchen, a toilet for visitors and a storage room and a real estate agency of 96 m².

The building is in good condition.

Type of ownership: Leasehold (150 years).

Financial performance

The cost of the property is 2,750,000 £.

The absolute annual income is 135,000 £.

The current yield is 4,6%.

Tenants

Tenants are a network of cafes operating in North London since 2002, a popular restaurant with a rating of 5 points on the TripEdvasor and one of the world's leading real estate services companies.

The WALT is 12.2 years.

Transaction costs

Acquisition tax is 6,4%.

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

Location

The property is located in 3.2 km to the north of London's West End.

The district is one of the richest in the capital. Average prices for housing are 5.5 times higher than the national average.

There are historical buildings, green wide streets, which makes the area one of the most beautiful parts of the city, nearby.

The area has a well-developed transportation network, and it is possible to get to central London in 20 minutes.

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