Shop with a well-known retail chain tenant, London, England

Additional information is provided after the signing of an NDA

Shop with a well-known retail chain tenant, London, England

2,665,000 €
11,388 € /m²
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  • Total area
    234 m²
  • Yield
    4.5%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 120,192 €
Tenants
  • Fully let
  • End of lease: 2029

Commercial space on the ground floor.

Description

Shop with a well-known retail chain tenant located on a busy street in London.

Given the property currently benefits from planning permission for reddevelopment, the opportunity exists to redevelop in a gentrifying location at the end of the current lease.

Ownership: Freehold.

Financial performance

The cost of the property is 2,400,000 £/2,665,000 €.

The absolute annual income is 108,240 £/120,192 €.

The current yield is 4.5%.

Tenants

The tenant is a well-known retail chain in beauty and health area in the UK and other countries.

The tenant occupies the space for 25 years, a new lease agreement is valid for 10 years.

Location and nearby infrastructure

The property is located in Hackney Central, one of the most densely populated areas of London. This area is located about 6 km north-east of central London and is served by 17 bus routes. London City Airport is about 10 km from Hackney Central.

There are two metro stations, various shops, cafes and restaurants located near the property.

London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.

London is the main political, economic and cultural center of the United Kingdom.

London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.

The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.

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

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