Shop, London City, UK

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Shop, London City, UK

6,947,000 €
31,292 € /m²
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  • Total area
    222 m²
  • Yield
    3.5%
Details
Financial performance
  • Annual income: 250,761 €
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0%

Retail unit on the ground floor of the building.

Description

The store has a basement.

Type of ownership: Virtual Freehold (993 years remaining)

Financial performance

The cost of the property is 6,000,000 £.

Absolute annual income is 225,000 £.

The current net yield of 3.5%.

Tenants

The tenant is an international trading network with more than 480 outlets worldwide. The annual turnover of the company exceeds 770 million pounds.

The lease agreement is valid for 15 years. Rent to be review after 5 and 10 years from the conclusion of the contract.

Transaction costs

The brokerage fee is 2%.

Location and nearby infrastructure

The property is located in London City, which is one of the largest financial centers in the world. The London Stock Exchange, the English bank and offices of many international corporations are located here.

Trafalgar Square, parks, museums, a theater and a cinema are situated not far from the building.

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