Shop, Canary Whorf, London, United Kingdom

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Shop, Canary Whorf, London, United Kingdom

1,900,000 £
5,135 £ /m²
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  • Total area
    370 m²
  • Yield
    5.3 %
  • Rental rate (m²/month)
    22 £
  • Built in 
    2005
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 99,041 £
Tenants
  • Fully let
  • End of lease: 2029
Transaction costs
  • Broker: 3.0 %
Features
  • Street retail

Convenience store on the ground floor of the tower block with a well-known retail chain as the tenant.

Description

Total area of the property is 370 m².

Type of ownership — Virtual Freehold (986 years remaining). That is a form of long-termed property tenure where one buys a right to occupy a building paying an agreed rent to the land owner.

Financial performance

The cost of the property: 1,900,000 £.

Absolute annual income: 100,700 £.

The current net yield: 5.3%.

Tenants

The store is leased by one of the top five British food retail chains. The company has more than 4,000 outlets in the UK.

The lease agreement is valid for 15 years until 2029.

The agreement stipulates an annual rental payment indexation at 2.25% since 2022.

Transaction costs

The brokerage fee: 3%.

Location

Canary Wharf is a business district located on the peninsula Isle of Dogs in the eastern part of London. This prestigious quarter is considered as the second financial center of the city. It is home to numerous

international financial institutions including Barclays, Citigroup, Credit Suisse, EY, HSBC.

The district has high demand for real estate. Its current 40,000 population is estimated to double in the next 10 years.

More than 100,000 people work in Canary Wharf. The average salary in the district is 38,000 pounds.

The shop is situated in the area with a well-developed infrastructure. There are DLR stations and a tube station in a 10-minute walk from the property.

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

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, £
11,948
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 11,947.78
Apartment in a bedroom community, m² 6,769.79
Transport Price, £
Public transport, 1 ride 2.32
Monthly travel card 138.89
Taxi, 1 km 2.78
Petrol, 1 l 1.2
Food Price, £
Water, 1.5 l 0.85
Milk, 1 l 0.9
White bread, 500 g 1.02
Eggs, a dozen 1.89
Chicken fillet, 1 kg 5.75
Education Price, £
Kindergarten, per month 1,180.54
International school, per year 16,008.28
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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Anna Kurianovich
Anna Kurianovich
Investment consultant in London
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