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7-9 Islington Green 6,822 SF Retail Building London N1 2XH $6,389,136 ($936.55/SF) 6% Cap Rate
Executive Summary
The property is let to Bellanger Brasserie (Mitchells & Butlers guarantee), with 10 years guaranteed income. The current passing rent is £300,000 per annum.
Our client is seeking offers in excess of £4.68m, reflecting a net initial yield of 6%. The property is held virtual freehold (999 years from 1998) at a peppercorn rent.
Our client is seeking offers in excess of £4.68m, reflecting a net initial yield of 6%. The property is held virtual freehold (999 years from 1998) at a peppercorn rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
6,822 SF
Building Class
B
Year Built
1900
Price
$6,389,136
Price Per SF
$936.55
Cap Rate
6%
NOI
$383,348
Tenancy
Single
Building Height
4 Stories
1 1
Nearby Major Retailers
1 of 4
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7-9 Islington Green
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