Outstanding Well Let London Office Investment Opportunity
Well located on the western side of Caledonian Road in Islington, just 3
minutes’ walk from Caledonian Road
A brand new self-contained ground
floor office providing 13,950 sq ft
(1,296 sq m) of unique double Height
Forms part of the brand new London Square mixed used development.
Let to Instant Managed Offices
Ltd for a term of 5 years from
16th April 2021. In addition there
is a Tenant Substitution Agreement
whereby the Secretary of State
for Housing, Communities and Local
Government have certain step in
Tenant will trade as Job Centre Plus.
Income of £662,665 per annum.
Virtual freehold (999 years) at a peppercorn.
Offers in excess of £9,927,500
(NINE MILLION NINE HUNDRED
AND TWENTY SEVEN FIVE
HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
Net initial Yield of 6.25% after
allowance for purchasers costs