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Apartment house with commercial space in central London

8,500,000 £
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Total area: 951 m² Yield: 4.6%
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Features
  • Operating Incomе: 548,590 €
  • 7-floor building
  • Occupancy: 100%
  • Total apartments: 15

It is an apartment house with commercial premise, located in the City, London's central district.

Description

The seven-storey building with a basement has total area of of 951 m². The property is in good overall condition.

Basement and ground floor of the house are occupied by a restaurant, the other floors accomodate 15 modern high quality apartments with total area of 645 m².

Tenure: Freehold.

All areas are leased out to two tenants.

Financial performance

Absolute income is 392,440 £.

The current yield of 4,6%.

Tenants

The tenants are apartment service company and trading company.

The apartment company rents all 15 apartments.

Trading company rents the ground floor and basement as the restaurant and bar. The lease agreement is signed until 2032.

Location

The property is located within walking distance from the very center of London.

There are numerous restaurants, bars, shops and offices in the immediate vicinity of the area.

The surrounding area is home to a number of world famous landmarks including the Tower of London and Tower Bridge.

Metro stations, railway station and circle road are located within walking distance from the house and provide good access to all parts of London.

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Artem Ezhkov
Real Estate Expert Tranio in London
+44 20 3608 1267
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