Department Store, Kent, UK

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Department Store, Kent, UK

28,239,000 €
2,609 € /m²
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  • Total area
    10,822 m²
  • Yield
    5.5%
Details
Property parameters
  • Land area: 4,000 m²
  • 4-floor building
Financial performance
  • Annual income: 1,597,874 €
Tenants
  • Fully let
  • End of lease: 2034
Transaction costs
  • Broker: 2.0%

A building with commercial premises in the city center.

Description

The building includes 4 floors.

Type of ownership: Freehold.

Financial performance

The cost of the property is 24,400,000 £.

Absolute annual income is 1,433,718 £.

The current net yield of 5.5%.

Tenants

The tenant is a large trading company with more than 170 department stores in three European countries. The annual operating income of the company is more than 130 million pounds.

The lease agreement is valid through March 24, 2034.

Transaction costs

The brokerage fee is 2%.

Location and nearby infrastructure

The property is located in the center of one of the most ancient cities in England in Kent. The city is visited annually by millions of tourists, there are castles and cathedrals, as well as the ruins of Roman and the first Christian buildings.

The banks, a park and a cathedral are situated close to the building.

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