Apartment house with commercial space in London

Photos available on request

Apartment house with commercial space in London

Price on request
Submit request
Total area: 4,031 m² Built in 2006
  • Absolute return: 1,506,183 €
  • 5-floor building
  • Percentage of the rented area: 100%
  • Total rooms: 50
  • Street retail
  • Redevelopment

It is an apartment building with commercial premises just a few minutes from Paddington. Description

The total area of the five-storey building with basement is 4,031 m².

The house was built in 2006 and now is in excellent condition.

There are two commercial premises on the ground and basement floors and 50 apartments on the upper floors, of which 38 are serviced apartments.

Tenure: Freehold.

All areas are leased out to three tenants.

Redevelopment

It is possible to convert 38 serviced apartments to 73 self containded serviced suites. All necessary permits are obtained.

Financial performance

Absolute income is 1,265,700 £.

Tenants

The anchor tenant is a management company.

The lease agreement is signed for 5 years until 2017.

The second tenant is Tesco, one of the largest retail chains in the world with an annual turnover of more than £60 billion.

The lease agreement is signed for 20 years until 2026.

The third tenant is a company Fitness for Less, a subsidiary of the Big Stack Ltd.

The lease agreement is signed for 15 years until 2027.

Location and nearby objects

The property is situated in the neighborhood to several complexes that undergo renovation and redevelopment.

There are shops, cafes, restaurants, bus stops, railway stations and subways in the immediate vicinity.

The City of London is 7 km away.

supermarket-iconCreated with Sketch.
Supermarkets
school-iconCreated with Sketch.
Schools
cafe-iconCreated with Sketch.
Cafe and restaurants
hospital-iconCreated with Sketch.
Hospitals
airport-iconCreated with Sketch.
Airports
Reset
Similar listings

We are looking for similar listings

Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in London
By clicking «Submit request», you agree with the terms of Tranio's User Agreement.
Submit request
    Send one more request
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services