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Shopping mall in Stevenage with a 7,4% yield

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Shopping mall in Stevenage with a 7,4% yield

4,155,000 €
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Total area: 1,625 m² Yield: 7.4%
  • Absolute return: 370,403 €
  • Land area: 4,994 m²
  • Renter: 100%
  • Number of parking lots: 54

It is a trade and warehouse property with an attractive brick facade.

Description

The total area of the shopping mall is 1,625 m².

There are 54 outdoor parking spaces.

There is a huge potential for the development of the property, as its area is 4,994 m² occupied only by 32,6%.

Layout

There were initial permits for 3 retail outlets (including the evaluation of the object) and a parking lot in August 1999. There are no restrictions on the size of the trade premises in the building as the project states.

Financial performance

Absolute income is 258,126 £.

The current yield of 7,4%.

Tenants

Property is fully leased to two tenants since September 29, 1999 to September 28, 2024.

Location

Stevenage was founded in 1947 and is located about 33 miles north of London and 15 miles east of Luton.

Stevenage is a popular sleeping suburb because of the good railway connection with King's Cross.

There are 3 major UK airports in less than an hour's drive: Heathrow, Stansted and London Luton.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Hertfordshire
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