Retail unit on the ground floor of the residential building.
Description
The shop occupies the ground floor in the two-storey building.
The area of the retail space is 456 m².
The area of the ancillary is 27 m².
Type of ownership: Freehold
The cost of the property is 1,881,000 £.
The absolute annual income is 82,000 £.
The current yield of 4.4%.
The absolute annual income after the rent indexation 21.07.2019 will be:
- 92,500 £ with the yield of 4,9% until 21.07.2024;
- 104,000 £ with the yield of 5,5% until the end of the lease agreement 21.07.2029.
The effective full repairing and insuring lease agreement is valid until 21/07/2029 and provides the rent indexation.
The tenant is a British supermarket chain with more than 350 stores, supplying several goods to members of the royal family.
The brokerage fee is 3%.
The shop is located in the Central London in Pimlico.
Pimlico is a sought-after location, being immediately surrounded
by Chelsea, Belgravia, St James's and Westminster.
The shop is situated not far from the Victoria Station, the second busiest rail hub in the UK.
The general area, where the shop is located, is experiencing large scale development with the construction of numerous development projects.
