Restaurant with a 10-year lease, London, UK

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Restaurant with a 10-year lease, London, UK

1,120,000 €
3,862 € /m²
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  • Total area
    290 m²
  • Yield
    5.5%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 61,600 €
Tenants
  • Fully let
  • End of lease: 2030

Restaurant with a well-known chain tenant and a long-term lease agreement.

Description

The restaurant is located on the ground floor and has an area of 290 m².

Tenure: Virtual Freehold (999 year lease) from 2013.

Tenants

The tenant is a well-known restaurant chain with more than 1,000 restaurants in 30 countries.

The lease agreement is signed for 20 years from February 2010 (no breaks).

Also there is a rent review due imminently in February 2020 as well as another review in February 2025.

Location

The property is located in the vibrant and densely populated suburb of western London, Hounslow. The property is located on the main shopping street, 5 minutes walk from the metro station and 15 minutes from the train station. Heathrow Airport is just a 10-minute drive away.

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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