Office space with a long-term lease agreement, London, UK

Additional information is provided after the signing of an NDA

Office space with a long-term lease agreement, London, UK

1,225,000 €
30,625 € /m²
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  • Total area
    40 m²
  • Yield
    5.0%
  • Built in 
    1900
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 61,300 €
Tenants
  • Fully let
  • End of lease: 2032

Office space with a reliable tenant in the popular residential area of Chelsea.

Description

The office is located on the ground floor of a three-story residential building, constructed in the early 1900s.

The total area of the space is 39.5 m².

Tenure: leasehold (125 years lease) from 1996 to 2121.

This property has not been registered for VAT and, therefore, VAT is not applicable.

Tenants

The tenant is a leading British real estate agency.

The lease agreement was signed in August 2017 for 15 years. It is possible to terminate the lease in August 2027.

Location and nearby infrastructure

The property is located about 3 km from Central London, in one of the most prestigious and expensive areas of the city, Chelsea.

Chelsea's main attractions are the Royal Hospital Chelsea and the Chelsea Physic Garden. Every year in May, the world-famous flower exhibition is held on the territory of the hospital. At the same time, the football club of the same name is based in the neighboring district of Fulham.

The property is located on a popular street surrounded by fashion boutiques, shops, restaurants, pubs and bars. The famous Kings Road is a short walk away. A number of London’s famous landmarks are also within close

proximity, such as Hyde Park, the Royal Hospital Chelsea and the home of Chelsea Football Club, Stamford Bridge, are within 2 km of the property.

There is also a motorway entrance and several metro stations 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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