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154-156 Stoke Newington High St 8,435 SF Retail Building London N16 7JL $5,138,541 ($609.19/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime freehold mixed-use investment in the heart of a north London suburb.
- Excellent transport links being just 500m from Stoke Newington Station.
- The building is fully let, producing an income of £231,199 pa.
- Comprising a large retail unit and four self-contained flats over lower ground, ground and two upper floors
- Large communal roof terrace with development potential (subject to planning).
- Offers are invited in the region of £3,850,000 reflecting a low capital value of £343 per sqft.
EXECUTIVE SUMMARY
Freehold Mixed-Use Investment Opportunity With Development Potential For Sale This attractive period property comprises basement, ground, and two upper floors, extending to approximately 11,224 sq ft (NIA). The building includes ground and lower ground commercial space, currently let to Sports Direct Ltd with approximately 4.5 years unexpired, with four self-contained residential flats all let on ASTs. The entire property is fully income-producing, generating a total rent of £231,199 pa.
Prime freehold mixed-use investment in the heart of a north London suburb.
Comprising a large retail unit and four self-contained flats over lower ground, ground and two upper floors extending to 11,220 sqft (residential 2,785 sqft, commercial 8,435 sqft).
The retail element is let to the undoubted covenant Sports Direct Ltd with 4.5 years unexpired at a rent of £128,000pa.
Large communal roof terrace with development potential (subject to planning).
The building is fully let, producing an income of £231,199 pa.
PROPERTY FACTS
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 8,435 SF
- -
- Oct 2029
In 1982, Mike Ashley, the founder, decided to open his first shop, selling sporting and skiing goods. This was in Maidenhead, UK. Years later, in the 90s, stores have been opened to the public across the UK, with a huge rebrand - Sports Soccer. Sports Direct became the new branding by 2008, firmly settling on the high street as a big retailer selling all things sport. Over 10 years later, in 2019, another rebrand took place, Frasers Group plc, which introduced the company’s three main pillars: sport, premium and luxury. Over the years, Frasers Group has grown into a huge company, working with dynamic brands and elevating the customer experience. Sports Direct, House of Frasers, Flannels, USC and many more big brands have become part of Frasers Group, growing with the company and becoming something worth knowing about. Now led by Chief Executive, Michael Murray, the company continues to evolve and is recognized and applauded around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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- | 8,435 SF | - | Oct 2029 |
NEARBY MAJOR RETAILERS
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154-156 Stoke Newington High St
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