+44 20 3608 1267

Apartment house in the center of London with a 2,5% yield

12,502,000 €
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Total area: 289 m² Yield: 2.5%
  • Absolute return: 367,500 €
  • 4-floor building
  • Renter: 100%
  • Total apartments: 2

It is an apartment house with commercial space in Mayfair, Westminster.

Description

The building with a basement total area of 289 m² is spread over four floors.

The property comprises storage space on the lower ground floor and well configured retail sales areas on the ground and first floors.

The second and third floors comprise a self-contained 2-bedroom apartment totalling 80 m². There is potential to extend the residential accommodation on expiry of the occupational lease.

Retail area on the ground floor benefites from a generous glazed frontage.

Tenure: Freehold.

The property is fully leased to a single tenant.

Financial performance

Absolute income is 262,500 £.

The current yield of 2,5%.

Tenants

Tenant is a French fashion company.

The lease agreement is signed until 2022.

Location

The property is located in the heart of Mayfair on a busy pedestrian street in prime retail location.

There are many stores and boutiques of famous brands in the close neighbourhood.

There are several metro stations and bus stops in close proximity.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Westminster
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