Apartment building with commercial premises in Essex county

Photos available on request

Apartment building with commercial premises in Essex county

1,750,000 £
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Total area: 506 m² Yield: 5.3%
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Features
  • Absolute return: 111,384 €
  • 3-floor building
  • Total rooms: 3

It is an apartment house with retail unit in one of the towns near Luton.

Description

The total area of the three-storey building with a basement is 506 m².

There is a shop on the ground floor, two upper floors accomodate three apartments, two of which are duplexes.

Each apartment has fitted kitchen and en-suite bathrooms. The shop is fitted out by the tenant to a high standard in their corporate image.

Tenure: Freehold.

The proeprty is fully leased out.

Financial performance

Absolute income is 93,600 £.

The current yield of 5,3%.

Purchaser's costs of 6,8%.

Tenants

The anchor tenant is Fat Face Limited, which specializes in the sale of clothing and accessories.

The company operates more than 221 stores in the UK and its annual turnover exceeds £200 million.

The NNN lease agreement is signed for 15 years until 2022. All operating costs are borne by the tenant.

The apartments are let to individuals on assured shorthold tenancy agreements.

Location and nearby objects

The property is situated on the main shopping thoroughfare with shops and cafes in the neighborhood.

There are many parking lots nearby, bus stop is within the walking distance.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Enquire about this apartment building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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