Apartment building, London, United Kingdom

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Apartment building, London, United Kingdom

7,000,000 £
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Total area: 3,115 m² Yield: 5.3%
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Features
  • Operating Incomе: 440,933 €
  • Land area: 3,602 m²
  • 2-floor building
  • Occupancy: 100%
  • Most recent total renovation: 1920
  • Acquisition tax: 1.8%
  • Broker: 2.0%

Apartment building with commercial units on the ground floor. 

Description

The property consists of 6 apartments, 4 commercial units on the ground floor and a basement.

There is also a warehouse unit, which is used as a car repair shop.

It is possible to increase the number of apartments to 16.

Type of ownership: Freehold.

Financial performance

The cost of the property is 7,000,000 £.

The absolute annual income is 392,752 £.

The current yield is 5.3%.

Tenants

Tenants of the commercial units are the largest retail chain that has more than 1,200 supermarkets across the country and occupies 16% of the total food market in the UK, and a large auto center which has more than 40 branches throughout the country.

The WALT is 7.3 years. 

Transaction costs

The purchase tax is 1.8%

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

Location

The property is located in a rich northern suburb with a population of over 300 thousand people in 17 km from London.

There are mainly represented retail networks, employment agencies in the district.

The area has developed transport links: buses, railway stations.

Distance to Heathrow Airport is 40 km.

Statistics in London

Price per m², £
13,496
Healthcare efficiency level
68
Crime rate
52
Real estate Price, £
Apartment in the city centre, m² 13,496.6
Apartment in a bedroom community, m² 7,013.43
Transport Price, £
Public transport, 1 ride 2.49
Monthly travel card 140.77
Taxi, 1 km 2.98
Petrol, 1 l 1.29
Food Price, £
Water, 1.5 l 0.96
Milk, 1 l 0.91
White bread, 500 g 1.09
Eggs, a dozen 2.09
Chicken fillet, 1 kg 6.54
Education Price, £
Kindergarten, per month 1,247.98
International school, per year 16,666.59
Health care index
Staff competence 66.52
Medical equipment 82.08
Research accuracy and completeness 66.63
Attitude towards patients 69.82
Security index
Crime rate 61.55
The risk of being robbed 53.81
The risk of car theft 49.6
The risk of break-in and property damage 57.77

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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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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