It is a coffee shop near the City of London.
Description
The total area of the historic four-story building with a basement is 345 m².
There is a coffee shop on the ground floor, a restaurant in the basement, three upper floors are occupied with office space.
Tenure: Freehold.
All areas are leased out the major tenant.
Redevelopment
Despite the fact that the offices are leased out, they are not used. It is a value add opportunity to refubrish them.
It is also possible to extend the upper three floors for more space.
Absolute income is 250,000 £.
The current yield of 3,9%.
The tenantis Starbuckscoffee chain, founded in 1971.
The company operates more than 15,000 of stores in 50 countries. The turnover of the British branch of the company exceeds £ 400 million.
The lease agreement is signedfor 22 yearsuntil 2025.
The property is located a few kilometers away from the center of London, with numerous cafés, restaurants and boutiques in the neighborhood.
There are also museums, parks and other attractions in close proximity.
Bus stops and metro station are within the walking distance.
