Supermarket with a long-term lease on the ground floor of a residential complex.
The supermarket consists of a retail space of 400 m² on the ground floor.
Type of ownership: Leasehold (999 years).
The cost of the property is 1,700,000 £.
The absolute annual income is 86,480 £.
The current yield is 5.1%.
The tenant is the largest retail chain, with more than 2,700 stores worldwide. The annual turnover of the company exceeds 100 billion euros.
The lease agreement is valid until 2032.
The brokerage fee is 2% + 20% VAT (in total 2,4%).
The property is located on the southern promenade of London. The area is situated in a 2-minutes walk from the Canary Wharf with its offices and shops, restaurants and bars.
There is Landmark Square nearby.