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Ivy House 279 Seven Sisters Rd 93 Unit Apartment Building $24,329,913 ($261,612/Unit) 7.62% Cap Rate London N4 2DE
INVESTMENT HIGHLIGHTS
- 93 self-contained studio flats with en-suites
- Includes courtyard, bike storage, and lift
- Secure gated access with 24/7 on-site staff
EXECUTIVE SUMMARY
Ivy House presents a rare opportunity to acquire a substantial freehold investment in a prime Zone 2 London location. This income-producing asset comprises 93 self-contained studio flats arranged over ground and first floors, totaling approximately 29,627 sq ft GIA. Each unit is fully equipped with an en-suite bathroom and kitchen, complemented by shared laundry facilities and a central courtyard. Additional features include mezzanine layouts in select units, accessible ground-floor rooms, and secure gated access with on-site staff providing 24/7 coverage.
The property is fully let to the London Borough of Hackney on a lease expiring in September 2027, generating a gross annual income of £1,582,391. The lease commenced in September 2020 and includes a tenant-only option to renew for a further seven years, providing long-term income security. This investment offers a strong covenant, stable cash flow, and an attractive yield profile, with offers invited in excess of £18,000,000, reflecting a gross initial yield of 8.79% and a net yield of 7.62%.
Strategically located adjacent to Manor House Tube Station on the Piccadilly Line, Ivy House benefits from exceptional connectivity to Central London, with Kings Cross St Pancras just 13 minutes away. The property is also within walking distance of Finsbury Park Station, offering access to the Victoria Line, Thameslink, and National Rail services. The surrounding area is vibrant and well-served by retail, leisure, and green spaces, including the 115-acre Finsbury Park, making this a highly desirable and resilient investment opportunity.
The property is fully let to the London Borough of Hackney on a lease expiring in September 2027, generating a gross annual income of £1,582,391. The lease commenced in September 2020 and includes a tenant-only option to renew for a further seven years, providing long-term income security. This investment offers a strong covenant, stable cash flow, and an attractive yield profile, with offers invited in excess of £18,000,000, reflecting a gross initial yield of 8.79% and a net yield of 7.62%.
Strategically located adjacent to Manor House Tube Station on the Piccadilly Line, Ivy House benefits from exceptional connectivity to Central London, with Kings Cross St Pancras just 13 minutes away. The property is also within walking distance of Finsbury Park Station, offering access to the Victoria Line, Thameslink, and National Rail services. The surrounding area is vibrant and well-served by retail, leisure, and green spaces, including the 115-acre Finsbury Park, making this a highly desirable and resilient investment opportunity.
PROPERTY FACTS
| Price | $24,329,913 | Property Subtype | Apartment |
| Price Per Unit | $261,612 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.62% | Building Size | 29,627 SF |
| Tenure | Freehold | No. Stories | 2 |
| No. Units | 93 | Year Built | 1950 |
| Property Type | Multifamily |
| Price | $24,329,913 |
| Price Per Unit | $261,612 |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| Tenure | Freehold |
| No. Units | 93 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Building Size | 29,627 SF |
| No. Stories | 2 |
| Year Built | 1950 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
- Oven
- Yard
- Loft Layout
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 31 | - | 14,806 |
| Studios | 62 | - | 14,821 |
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Ivy House | 279 Seven Sisters Rd
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