Coffeehouse STARBUCKS COFFEE in Central London for Sale, Lease Agreement Ends 2028
Property type: coffeehouse
Purchase of established rental business
Tenure: 999-year virtual freehold
Location: Central London, UK
Lettable area: ca. 150 m2
Anchor tenant: Starbucks Coffee
Occupancy: 100%
Lease Agreement ends: 2028
Possibility of renewal: YES
Rent Review: YES
Full Repair and Insure Lease (FRI lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.
Purchase price: 1,075,000 GBP
(+ closing costs)
Rental Income: 45,500 GBP per annum
(+ indexation linked to inflation)
Net Yield: 4.0%