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Restaurant in London

2,700,000 £
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Total area: 202 m² Yield: 4.9%
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Features
  • Absolute return: 197,330 €
  • 1-floor building
  • Percentage of the rented area: 100%

It is a restaurant in London.

Description

The total building area is 202 m².

The property is divided into two commercial units, one of which is a coffee bar and bakery, and another is a restaurant for 60 seats.

All areas are fully leased out to various tenants.

There is a possibility to develop additional 120 m² of residential or commercial space which will be accessed from a neighboring residential unit.

Tenure: Freehold.

Financial performance

Absolute income is 140,000 £.

The current yield of 4,9%.

Transaction costs of 5,75%.

Tenants

There are two tenants.

Lease contract with the first one is signed for 15 years until 2023 with no break clauses. The lesse bears all repair and insurance costs.

Lease contract with the second is signed for 25 years until 2022 with no break clauses. The lesse bears all repair and insurance costs.

Location

The property is situated in Islington.

A metro station and the train station, from where you can reach central London in 8 minutes, are located in minute walking distance.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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