PROPERTIES

9 Islington Green, London N1 8DU

Price£4,750,000

PDF DETAILS

9 Islington Green, London N1 8DU

  • Price£4,750,000
  • Income£300,000
  • Yield5.91%
  • SectorLeisure
  • StatusAvailable
PDF DETAILS

Over 13 Years of Well Secured Income Guaranteed by Mitchells and Butlers

Summary

  • Located in Islington, one of London’s most desirable and affluent borough’s.
  • Only 2 miles north east of the West End and 1.5 miles north of The City of London.
  • Prominent landmark position on the northern end of Islington Green, in the heart of Upper Street’s famous bar and restaurant offering
  • Ground floor restaurant occupied by Bellanger Brasserie with approximately 13.75 years to expiry and no breaks
  • Rent of £300,000 per annum.
  • Lease guaranteed by Mitchells and Butlers Leisure Holdings Ltd who have reported a net worth of £251.1 million.
  • Virtual Freehold.
  • Seeking offers in excess of £4,750,000 (Four Million Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 5.91%, assuming standard purchasers’ costs.