PROPERTIES

9 Islington Green, London N1 8DU

Price£5,620,000

PDF DETAILS

9 Islington Green, London N1 8DU

  • Price£5,620,000
  • Income£300,000
  • Yield5%
  • SectorLeisure
  • StatusAvailable
PDF DETAILS

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

Summary

  • 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%.