Restaurant, London, United Kingdom

Additional information is provided after the signing of an NDA

Restaurant, London, United Kingdom

1,974,000 €
11,750 € /m²
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  • Total area
    168 m²
  • Yield
    4.7%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 90,615 €
Tenants
  • Fully let
  • End of lease: 2042
Transaction costs
  • Broker: 3.0%

The restaurant on the ground floor of the residential complex.

Description

The total area of the property is 168 m².

The tenant has installed a mezzanine floor at their own cost.

Financial performance

The cost of the property 1,700,000 £.

Absolute annual income is 80,070 £.

The current yield of 4.7%.

Tenants

The tenant is the pizzeria.

The lease agreement is signed 03.02.2017 for 25 years.

Transaction costs

Brokerage fee is 3.0%.

Location and nearby infrastructure

The property is located in a walking distance from London City. A cinema, an art gallery, a sports hall, shops and a park are situated n the immediate vicinity of the restaurant

Westminster University, London University of Art, King's College and Imperial College London are located nearby.

The nearest metro stations can be reached in a few-minute walk.

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