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, £
12,997
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 12,996.79
Apartment in a bedroom community, m² 7,364.18
Transport Price, £
Public transport, 1 ride 2.52
Monthly travel card 151.09
Taxi, 1 km 3.02
Petrol, 1 l 1.3
Food Price, £
Water, 1.5 l 0.92
Milk, 1 l 0.98
White bread, 500 g 1.11
Eggs, a dozen 2.05
Chicken fillet, 1 kg 6.25
Education Price, £
Kindergarten, per month 1,284.19
International school, per year 17,413.81
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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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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