Multifunctional building in the center of Fitzrovia.
Description
The five-storey building with an attic includes 4 apartments, two of which are sold off on a lease (101 years), and the other two are leased and produce income.
The ground floor and lower ground floors are occupied by a restaurant with A3 license and a total area of 139 m².
Type of ownership: Freehold.
The cost of the property is £ 1,950,000/ 2,170,000 €.
The absolute annual income is £ 79,700/ 88,714 €.
The current yield is 4%.
The lease agreement with the restaurant is valid until 2031.
The property is located in a residential area of Fitzrovia. There are a lot of hotels, galleries and ancient pubs which are located near the theaters of the West End. Along the quiet streets of the district there are various new media, advertising and architectural companies.
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.
