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