- Covent Garden Restaurant 29,183,000 €
- Basic parameters
- Photo
№ 1,717,573
Restaurant, London, UK
29,183,000 €
53,253 € /m²
- Total area 548 m²
- Yield 3.9%
- Lease term 2037
- Constructed 2017
Key project parameters
- Total area
- 548 m²
- Floor
- 1
- Constructed
- 2017
Project description
A restaurant in the center of London with a long-term lease agreement.
Description
The building has a basement of 174 m².
The planning consent restricts the restaurant to 220 covers at one time.
The restaurant was opened in the spring of 2017.
Extra information
Garden
Tenants
- Agreement
- Yes
- End of lease
- 2037
The tenant is a network of Japanese restaurants, numbering more than 140 branches in 17 countries.
The lease agreement is valid through 2037. The contract provides a 12-month rent free period.
Financial performance
- Yield
- 3.9%
The cost of the property is 24,500,000 £.
Absolute annual income is 950,000 £.
The current yield of 3.9%.
Transaction costs
The brokerage fee is 2%.
Location and nearby infrastructure
The property is located in the area of Covent Garden. This is a popular shopping area, where the Royal Opera House is also located.
The museums, theaters, a sports hall and a library are situated not far from the building.
More properties
If this ad doesn't suit you, have a look at the other restaurants for sale in Covent Garden.
All ads in the country: restaurants for sale in the United Kingdom.
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
Top 3 commercial properties of May
- 3,300,000 €
- 8.0% yield
- 2,280,000 €
- 5.0% yield
Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
If you have any questions about finding or buying a property, please do not hesitate to contact us via WhatsApp
We will respond during office hours.
After communicating with us, you will be better equipped to continue your search on your own or to use our services.
Similar listings
We select ads that may interest you.