Supermarket, Essex, United Kingdom

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Supermarket, Essex, United Kingdom

4,750,000 £
2,785 £ /m²
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  • Total area
    1,705 m²
  • Yield
    5.7 %
  • Rental rate (m²/month)
    13 £
  • Built in 
    1980
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Details
Property parameters
  • Land area: 5,504 m²
  • Number of parking lots: 20
  • 2-floor building
Financial performance
  • Annual income: 272,677 £
Tenants
  • Occupancy: 100 %
  • End of lease: 2025
Transaction costs
  • 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.

  • 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

More properties

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.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

Invest in development project

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this supermarket
    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Essex
    +44 17 4822 0039
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