Supermarket, Essex, United Kingdom

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Supermarket, Essex, United Kingdom

4,750,000 £
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Total area: 1,705 m² Yield: 5.7% Built in 1980
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Features
  • Operating Incomе: 323,971 €
  • Land area: 5,504 m²
  • 2-floor building
  • Occupancy: 100%
  • Number of parking lots: 20
  • End of lease: 2025
  • Acquisition tax: 6.6%
  • Broker: 2.0%

A two-storey supermarket with a long-term lease.

Description

The supermarket consists of a retail space of 1,705 m² and includes a warehouse and an additional storage room on the top floor.

There is parking for 20 cars in the territory of the property.

The building was built in 1980.

Type of ownership: Freehold.

Financial performance

The cost of the property is 4,750,000 £.

The absolute annual income is 288,000 £.

The current yield is 5.7%.

Tenants

The tenant is the largest retail network with over 1200 supermarkets all over the country. The annual turnover of the company exceeds 20 million euros. The company holds 16% of the total food market in the UK.

The lease agreement is concluded for 35 years and is valid until 2025.

Transaction costs

The property tax is 6.6%.

The brokerage fee is 2% + 20% VAT (in total 2.4%).

Location

The property is located in one of the commercial cities of Essex with a population of more than 11 thousand people.

The city has a well-developed public transport network, including buses and railways that connect it to other major cities in the country.

Distance to the airport is 32 km.

Statistics in the United Kingdom

Price per m², £
3,865
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.

Real estate Price, £
Apartment in the city centre, m² 3,864.29
Apartment in a bedroom community, m² 2,782.42
Transport Price, £
Public transport, 1 ride 2.4
Monthly travel card 60.12
Taxi, 1 km 1.8
Petrol, 1 l 1.24
Food Price, £
Water, 1.5 l 0.96
Milk, 1 l 0.9
White bread, 500 g 0.98
Eggs, a dozen 1.84
Chicken fillet, 1 kg 5.68
Education Price, £
Kindergarten, per month 865.7
International school, per year 12,807.93
Health care index
Staff competence 74.22
Medical equipment 84.75
Research accuracy and completeness 72.19
Attitude towards patients 77.25
Security index
Crime rate 48.36
The risk of being robbed 40.79
The risk of car theft 41.62
The risk of break-in and property damage 51.55

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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If this property wasn’t for you, take a look at other supermarkets for sale in the United Kingdom.

You can see more supermarkets for sale in Essex elsewhere on our website.

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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