Mixed-use building, London, UK

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Mixed-use building, London, UK

9,308,000 €
2,959 € /m²
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  • Total area
    3,145 m²
  • Yield
    4.7%
Details
Property parameters
  • Total apartments: 14
Financial performance
  • Annual income: 420,000 €
Features
  • Street retail

Building with residential and commercial premises in London.

Description

Corner building with a total area of 3,145 m²:

  • 14 apartments with an area of 933 m²
  • 3 retail premises with an area of 2,212 m²

Construction permit for 3 additional apartments has been obtained.

Tenure: Freehold & long leasehold expiring March 2170.

Financial performance

The annual income is £ 375,000 (~ 420,000 €).

The yield is 4.7%.

There is a possibility to increase rental income up to £ 375,000 due to renovation of the apartments.

Tenants

The building is currently fully rented out with the exception of 1 apartment.

Residential leases are renewed annually.

Lease agreements for three commercial premises were concluded until 2023, 2029 and 2030.

Transaction costs

The brokerage fee.

Location and nearby infrastructure

The property is located in London, 5 km from the city center. The road to the airport will take about 40 minutes.

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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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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