Foodstore, Leicestershire, United Kingdom

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Foodstore, Leicestershire, United Kingdom

4,483,000 €
747 € /m²
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  • Total area
    5,994 m²
  • Yield
    6.7%
Details
Property parameters
  • Land area: 8,094 m²
  • Number of parking lots: 122
  • 1-floor building
Financial performance
  • Annual income: 310,420 €
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Acquisition tax: 6.5%
  • Broker: 2.0%

A foodstore in a developed trading city.

Description

The property consists of a ground floor of 5,762 m² and a canopy of 232 m².

There is parking for 122 cars in the territory of the property.

The adjoining plot is 2 acres.

The building is in good condition.

Type of ownership: Freehold.

Financial performance

The cost of the property is 3,850,000 £.

The absolute annual income is 276,500 £.

The current yield is 6.7%.

Tenants

The tenant is the largest retail chain of grocery stores in the UK, which has existed for 150 years. The company's turnover for 2016 amounted to 10.6 billion euros. The company owns 5.8% of the shares of the entire product market.

The lease agreement is valid until 2025 and provides the indexation of the rent in 2020.

Transaction costs

Acquisition tax is 6,5%.

The brokerage fee is 2% + 20% VAT (in total 2,4%).

Location and nearby infrastructure

The property is located in Leicestershire in a city with a population of more than 110 thousand people. A convenient transport network connects the city with the main cities of Great Britain.

The distance to Birmingham is less than 50 km.

There is the main shopping street, a school and the public transport stops nearby. This property is the dominant retail food center in the central part of the city.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Leicestershire.

All ads in the country: retail space for sale in the United Kingdom.

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