Apartment building, London, United Kingdom

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Apartment building, London, United Kingdom

£9,500,000
£9,500 /m²
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  • Total area
    1,000 m²
  • Yield
    4.6%
  • Rental rate (m²/month)
    £43
Details
Property parameters
  • Leasable area: 850 m²
  • Total apartments: 4
  • 6-floor building
Financial performance
  • Annual income: £434,453
Transaction costs
  • Broker: 3.0%

Apartment building in a prestigious area of London.

Description

The building with a total area of 1,000:

  • commercial premises (4 shops) — 500 m²;
  • residential accommodation (4 apartments) — 350 m²;
  • utility rooms and communal area — 150 m².

There is an opportunity to extend the building upwards (to build an attic).

The plot is in ownership (Freehold).

Financial performance

The current annual income is £ 435,750 (~ 505,500 €).

The expected annual income (after refurbishment) is £ 561,300 (~ 651,100 €).

The yield is 4.6%.

Transaction costs

Brokerage fee — 3%.

VAT.

Location and nearby infrastructure

The property is located in the heart of London, near the City Tower Cluster and 2 underground stations, less than 1 km from St Paul’s Cathedral.

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,
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