Portfolio of funeral offices, England, United Kingdom

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Portfolio of funeral offices, England, United Kingdom

2,016,000 £
701 £ /m²
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  • Total area
    2,874 m²
  • Yield
    7.0 %
  • Rental rate (m²/month)
    3 £
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Details
Property parameters
  • Number of parking lots: 24
Financial performance
  • Annual income: 141,738 £
Tenants
  • Occupancy: 100 %
Transaction costs
  • Acquisition tax: 6.3 %
  • Broker: 2.0 %

Three funeral offices with a long-term lease.

Description

The property consists of three buildings with an area of 554 m², 1,278 m² and 1,042 m².

The first property is a two-story brick building of 1920, transformed into an office since 2001.

The building includes a reception room, an arrangement room, office accommodation and a fully equipped mortuary.

There is a parking for 11 cars in the territory of a property.

The second property is a brick building in 1970, completely converted to a funeral office.

The building includes a reception room, an arrangement room, office accommodation and a fully equipped mortuary.

There is a parking for 10 cars in the territory of a property.

The third property is a three-story building in 1960, completely converted to a funeral office.

The building includes a reception room, two rooms for viewing, an arrangement room, office accommodation and a fully equipped mortuary and a storage room. The second floor can also be used for storage.

There is a parking for 3 cars in the territory of a property.

Type of ownership: Freehold.

Financial performance

The cost of the property is 2,016,000 £.

The absolute annual income is 150,000 £.

The current yield is 7%.

The projected annual income is 157,248 £.

The projected annual yield is 7.8%.

Tenants

The tenant is the largest funeral services network in the UK, with more than 1,000 offices throughout the country.

The lease agreement is concluded for 15 years.

Transaction costs

Acquisition tax is 6,3%.

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

Location

The first property is located in the resort town of North Yorkshire with a population of more than 100 thousand people. The building is located in the center of a shopping area. Developed transport infrastructure connects the property with major cities such as York, Leeds, Manchester and Liverpool. The nearest airport is 100 km away.

The second property is located in the largest city in Cambridgeshire in Central East England. The distance to London is 145 km. There are local and national retailers nearby.

The third property is located in big commercial city in Cornwall with a population of more than 55 thousand people. Distance to Plymouth is 95 km. Railway station is 3 minutes walk away. The airport is 35 km from the property.

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

Statistics in the United Kingdom

Price per m², £
3,911
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 3,911.56
Apartment in a bedroom community, m² 2,689.53
Transport Price, £
Public transport, 1 ride 2.25
Monthly travel card 56.27
Taxi, 1 km 1.75
Petrol, 1 l 1.18
Food Price, £
Water, 1.5 l 0.91
Milk, 1 l 0.85
White bread, 500 g 0.93
Eggs, a dozen 1.74
Chicken fillet, 1 kg 5.38
Education Price, £
Kindergarten, per month 815.12
International school, per year 12,068.09
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.

Show the entire statistics

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Julia Morozova
    Julia Morozova
    Investment consultant in England
    +44 17 4822 0039
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