Supermarket, London, UK

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Supermarket, London, UK

3,427,000 €
7,531 € /m²
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  • Total area
    455 m²
  • Yield
    4.5%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 147,285 €
Tenants
  • Fully let
  • End of lease: 2032
Transaction costs
  • Broker: 2.0%

Retail space on the ground floor of the apartment building.

Description

The supermarket was opened in September 2017.

Ownership type: Virtual freehold.

Financial performance

The cost of the property is 2,950,000 £.

Absolute annual income is 132,500 £.

The current yield of 4.5%.

Tenants

The anchor tenant is a network of British supermarkets, numbering more than 300 branches in the UK. The annual turnover of the company is more than 5 billion pounds sterling.

The lease agreement is valid through 2032 with 10 year Tenant Break Option. Rent is reviewed every 5 years according to the consumer price index.

Transaction costs

The brokerage fee is 2%.

Location and nearby infrastructure

The property is located in the Finchley district, in northern London. The metro station is situated in a walking distance from the building. The Kings Cross Station can be reached in a 19-minute drive, the Tottenham Court Road — in a 22-minute drive and the nearest bank — in a 28-minute drive. There are several bus routes close to the supermarket, as well as the ring road leading to the motorway exit.

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