Supermarket, Essex, United Kingdom

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Supermarket, Essex, United Kingdom

5,632,000 €
3,303 € /m²
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  • Total area
    1,705 m²
  • Yield
    5.7%
  • Built in 
    1980
Details
Property parameters
  • Land area: 5,504 m²
  • Number of parking lots: 20
  • 2-floor building
Financial performance
  • Annual income: 323,971 €
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Acquisition tax: 6.6%
  • Broker: 2.0%

A two-storey supermarket with a long-term lease.

Description

The supermarket consists of a retail space of 1,705 m² and includes a warehouse and an additional storage room on the top floor.

There is parking for 20 cars in the territory of the property.

The building was built in 1980.

Type of ownership: Freehold.

Financial performance

The cost of the property is 4,750,000 £.

The absolute annual income is 288,000 £.

The current yield is 5.7%.

Tenants

The tenant is the largest retail network with over 1200 supermarkets all over the country. The annual turnover of the company exceeds 20 million euros. The company holds 16% of the total food market in the UK.

The lease agreement is concluded for 35 years and is valid until 2025.

Transaction costs

The property tax is 6.6%.

The brokerage fee is 2% + 20% VAT (in total 2.4%).

Location and nearby infrastructure

The property is located in one of the commercial cities of Essex with a population of more than 11 thousand people.

The city has a well-developed public transport network, including buses and railways that connect it to other major cities in the country.

Distance to the airport is 32 km.

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If this ad doesn't suit you, have a look at the other supermarkets for sale in Essex.

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