Retail and leisure units with long-term lease agreements, London, Great Britain

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Retail and leisure units with long-term lease agreements, London, Great Britain

£1,667,000
£550 /m²
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  • Total area
    3,026 m²
  • Yield
    7.2 %
  • Rental rate (m²/month)
    £3
Details
Property parameters
  • Total premises: 3
  • 1 floor
Financial performance
  • Annual income: £120,352
Tenants
  • Fully let
  • End of lease: 2029

Three retail and leisure units on the ground floor.

Description

Ownership: Leasehold (for 999 years at a peppercorn rent).

WAULT: 9.3 years to expiry (7.3 years to break).

Financial performance

The cost of the property is 1,752,000 £/1,902,400 €.

The absolute annual income is 126,500 £/137,359 €.

The current yield is 7.2%.

Tenants

359 m² + basement of 315 m² — the unit is leased to a bar and a wine shop. The lease agreement is valid until September 2033.

292 m² — the unit is leased to a barber shop. The lease agreement is valid until September 2033.

2,060 m² — the unit is leased to a restaurant. The tenant has been here since 2001, the contract is valid until July 2026.

Location

The property is located in the affluent south London suburb of Clapham, 3 miles south west of Central London. The area has good public transport connections, the property is located next to two metro stations. There are various shops, a mini market, cafes, bars and restaurants located nearby.

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.

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    Location right down to the building, street or city
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    Other offers nearby

More properties

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

You can see more retail space for sale in London elsewhere on our website.

Statistics in London

Price per m², £
12,600
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 12,599.16
Apartment in a bedroom community, m² 7,138.87
Transport Price, £
Public transport, 1 ride 2.44
Monthly travel card 146.46
Taxi, 1 km 2.93
Petrol, 1 l 1.26
Food Price, £
Water, 1.5 l 0.89
Milk, 1 l 0.95
White bread, 500 g 1.08
Eggs, a dozen 1.99
Chicken fillet, 1 kg 6.06
Education Price, £
Kindergarten, per month 1,244.91
International school, per year 16,881.04
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.

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