Retail space with a long-term lease agreement.
Description
The property can be purchased under the forward commitment basis.
Type of ownership: Leasehold (999 years).
Construction will be completed in 12–18 months.
Financial performance
The cost of the property is 7,500,000 £.
Absolute annual income is 375,000 £.
The current yield of 5.0%.
Tenants
The tenant is an international chain of clothing stores with more than 880 outlets all over the world. The annual turnover of the company exceeds 9,000 billion pounds.
Lease agreement is valid for 20 years.
Transaction costs
The brokerage fee is 2%.
Location and nearby infrastructure
The property is located in one of the most popular and trendy areas of London, Dalston. Many nightclubs, pubs and concert venues are situated here, as well as artists, designers and musicians live here.
