Supermarket in London area

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Supermarket in London area

1,391,000 €
3,451 € /m²
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  • Total area
    403 m²
  • Yield
    5.4%
  • Built in 
    2012
Details
Property parameters
  • 3-floor building
  • 1 floor
Financial performance
  • Annual income: 76,050 €
Tenants
  • Fully let
Features
  • Street retail

It is a supermarket for sale on the ground floor of the building.

Description

The total area of the property is 403 m², of which:

  • 359 m² — retail areas on the ground floor;
  • 44 m² — auxillary areas in the basement.

Three-story building was originally constructed as a pub, but it has been refubrished in 2012.

Tenure: Leasehold for 999 years.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 65,000 £.

The current yield of 5,4%.

The income will increase to at least 71,253 £ in May 2017.

Tenants

The tenant is Tesco, the largest retailer in the UK, founded in 1919.

The company's staff counts more than 500,000 people and its annual turnover exceeds £ 62 billion.

The lease agreement is signed for 20 years until 2032, non-terminable by the tenant for 10 years.

Location and nearby infrastructure

The property is situated at the junction of two major roads.

Bus stops are in front of the entrance, the railway station is about 1 km away.

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