Commercial premises on the ground floor of the building.
Description
The property can be purchased on a forward commitment basis.
Construction will be completed in 11 months.
The cost of the property is 1,900,000 £.
Absolute annual income is 127,000 £.
The current net yield of 6.3%.
The tenants are:
The international coffee shop network, numbering more than 24 thousand outlets all over the world. The annual turnover of the company exceeds 12,400 billion pounds.
The lease agreement is valid for 20 years. The rent to be reviewed on each 5th anniversary of the term in an upwards only direction in line with RPI.
A large British bakery with more than 1,700 outlets. The annual turnover of the company is more than 890 million pounds.
The lease agreement is valid for 15 years. The rent to be reviewed every 5 years.
The brokerage fee is 3%.
The property is located in the city of Portsmouth in the southern part of England.
