Store with a long-term lease agreement, London, UK

Additional information is provided after the signing of an NDA

Store with a long-term lease agreement, London, UK

1,180,000 €
3,041 € /m²
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  • Total area
    388 m²
  • Yield
    5.5%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 65,000 €
Tenants
  • Fully let
  • End of lease: 2028

Store with a well-known retail chain tenant in a popular residential area of North London.

Description

The store is located on the ground floor with a large showcase and a total area of 388 m².

Tenure: Virtual Freehold (new 999 year lease).

Tenants

The tenant is a well-known health and beauty retailer with about 800 stores in England, Scotland, Wales and Ireland.

The lease agreement is valid until 2028.

Location and nearby infrastructure

The property is located in a popular residential area of North London, within walking distance of the underground station. The property is located on a busy shopping street surrounded by well-known retail chain stores, restaurants, cafes, pubs and bars.

The area has good transport links – there is a railway station, a major bus route and easy access to main road communications.

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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