+44 20 3608 1267

Restaurant in London with a 5% yield

660,000 £
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Total area: 132 m² Yield: 5.0%
  • 1 floor
  • 3-floor building

It is a restaurant on the ground floor of a three-storey house, located south from the City.

Description

The total floor area is 132 m², retail space of 110 m², ancillary space of 22 m².

The first and second floors comprise a 2-bedroom residential flat with its own access from the rear mews, which has been sold off on a long lease.

Tenure: Freehold.

The restaurant is fully leased out on a long term.

Financial performance

Absolute income is 33,000 £.

The current yield of 5%.

Tenants

Tenant is Costa Limited, the fastest growing coffee chain in the UK, founded in 1971.

The company has over 1,900 coffee shops in the UK, over 1,100 stores in 29 international markets and over 4,200 Costa Express self-serve units.

The annual turnover of the company exceeds £700 million.

The lease agreement was signed in 2015 for 10 years, non-terminable for 6 years. Repair costs and insurance are borne by the tenant.

Location

The property is located in the retail part of Norwood Road in the heart of West Norwood.

The neighborhing tenants are Iceland, Subway, Superdrug, KFC, The Co-Operative Food, Tesco, Ladbrokes, Greggs and B& Q.

There is short-term free parking outside the unit and on side roads nearby. Railway station and South Circular are in the immediate vicinity.

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