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7-9 Islington Green 6,822 SF Retail Building London N1 2XH $8,790,079 CAD ($1,288.49 CAD/SF) 6% Cap Rate
Investment Highlights
- Located in Islington, one of London’s most desirable and affluent borough
- Prominent landmark position at the northern end of Islington Green, in the heart of Upper Street’s established restaurant and leisure offering
- Only 2 miles north east of the West End and 1.5 miles north of the City of London
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
$8,790,079 CAD
Price Per SF
$1,288.49 CAD
Cap Rate
6%
NOI
$527,405 CAD
Tenancy
Single
Building Height
4 Stories
Amenities
- Restaurant
1 1
Nearby Major Retailers
1 of 4
Videos
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Photos
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Map
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7-9 Islington Green
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