Apartment building, London, United Kingdom

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Apartment building, London, United Kingdom

7,000,000 £
2,247 £ /m²
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  • Total area
    3,115 m²
  • Yield
    5.3 %
  • Rental rate (m²/month)
    9 £
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Details
Property parameters
  • Land area: 3,602 m²
  • 2-floor building
Financial performance
  • Annual income: 371,207 £
Tenants
  • Occupancy: 100 %
Object status
  • Most recent total renovation: 1920
Transaction costs
  • 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.

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

Statistics in London

Price per m², £
12,106
Healthcare efficiency level
69
Index 69 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
48
Index 48 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 12,105.64
Apartment in a bedroom community, m² 6,859.23
Transport Price, £
Public transport, 1 ride 2.35
Monthly travel card 140.73
Taxi, 1 km 2.81
Petrol, 1 l 1.21
Food Price, £
Water, 1.5 l 0.86
Milk, 1 l 0.91
White bread, 500 g 1.04
Eggs, a dozen 1.91
Chicken fillet, 1 kg 5.83
Education Price, £
Kindergarten, per month 1,196.14
International school, per year 16,219.79
Health care index
Staff competence 67.36
Medical equipment 82.38
Research accuracy and completeness 67.4
Attitude towards patients 70.54
Security index
Crime rate 61.74
The risk of being robbed 53.97
The risk of car theft 49.78
The risk of break-in and property damage 57.75

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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  • 10 % yield
  • 2 years project term
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The best development offer

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

Application deadline: January 30

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  • 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.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in London
    +44 17 4822 0039
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