Commercial space on the ground floor in London.
The space occupies 191 m² and is located on the ground and basement floors of the building. There are large dispaly windows facing a busy street.
Ownership: Leashold (for 199 years).
The cost of the property is £ 1,700,000/ 1,888,000 €.
The absolute annual income is £ 99,500/,110,487 €.
The current yield is 5.9%.
81% of the area is leased to the London real estate agency.
The lease agreement is valid until March 2023.
WAULT: 6.36 years.
The property is located in the north of London, in the elite area of St. Johns Wood, close to all major infrastructural facilities.
St. Johns Wood is just 10 minutes from Oxford Street and is considered the most central ”suburb“ of London. This area is closely adjacent to one of London’s largest parks, Regent’s Park.
The price of real estate in the area averages £ 2 million.
London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.
London is the main political, economic and cultural center of the United Kingdom.
London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.
The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.