Apartment building, London, United Kingdom

Additional information is provided after the signing of an NDA

Apartment building, London, United Kingdom

7,000,000 £
Send a request
Total area: 3,115 m² Yield: 5.3%
Send a request
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.

More properties

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

You can see more apartment buildings for sale in London elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this apartment building
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services