Over 14 Years of Well Secured Income Guaranteed by Mitchells & Butlers In One of London's Most Affluent and Densely Populated Residential and Entertainment Destination
- Located in Islington, London’s most densely populated borough.
- 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 14.75 years to expiry.
- Virtual Freehold.
- Rent of £300,000 per annum.
- Lease guaranteed by Mitchells and Butlers Leisure Holdings Ltd who have reported a net worth of £203.48M.
- We are seeking offers in excess of £5,620,000 (FIVE MILLION SIX HUNDRED AND TWENTY THOUSAND POUNDS) subject to contract and exclusive of VAT.
- Net initial yield of 5% after allowance for purchasers costs of 6.8%.