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7-9 Islington Green 6,822 sq ft Retail Property London N1 2XH £4,680,000 (£686.02/sq ft) 6% Net Initial Yield
Investment Highlights
- Located in Islington, one of London’s most desirable and affluent borough
- Prominent landmark position at the northern end of Islington Green, in the heart of Upper Street’s established restaurant and leisure offering
- Only 2 miles north east of the West End and 1.5 miles north of the City of London
Executive Summary
The property is let to Bellanger Brasserie (Mitchells & Butlers guarantee), with 10 years guaranteed income. The current passing rent is £300,000 per annum.
Our client is seeking offers in excess of £4.68m, reflecting a net initial yield of 6%. The property is held virtual freehold (999 years from 1998) at a peppercorn rent.
Our client is seeking offers in excess of £4.68m, reflecting a net initial yield of 6%. The property is held virtual freehold (999 years from 1998) at a peppercorn rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
6,822 sq ft
Costar Property Class
B
Year Built
1900
Price
£4,680,000
Price per sq ft
£686.02
Yield
6%
NOI
£280,800
Tenancy
Single
Number of Floors
4
Amenities
- Restaurant
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- -
- 2,624 sq ft
- Office
- -
- Now
- -
- 2,658 sq ft
- Office
- -
- Now
- -
- 2,649 sq ft
- Office
- -
- Now
- -
- 2,648 sq ft
- Office
- -
- Now
- -
- 2,649 sq ft
- Office
- -
- Now
- -
- 2,638 sq ft
- Office
- -
- Now
East
West
- Ground
- 4,240 sq ft
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| - | 2,624 sq ft | Office | - | Now |
| - | 2,658 sq ft | Office | - | Now |
| - | 2,649 sq ft | Office | - | Now |
| - | 2,648 sq ft | Office | - | Now |
| - | 2,649 sq ft | Office | - | Now |
| - | 2,638 sq ft | Office | - | Now |
| East | 1,212 sq ft | Office | - | Now |
| West | 1,403 sq ft | Office | - | Now |
| Ground | 4,240 sq ft | Office | - | Now |
-
| Size |
| 2,624 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
-
| Size |
| 2,658 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
-
| Size |
| 2,649 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
-
| Size |
| 2,648 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
-
| Size |
| 2,649 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
-
| Size |
| 2,638 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
East
| Size |
| 1,212 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
West
| Size |
| 1,403 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Ground
| Size |
| 4,240 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
East
| Size | 1,212 sq ft |
| Space Use | Office |
| Position | - |
| Available | Now |
East
West
| Size | 1,403 sq ft |
| Space Use | Office |
| Position | - |
| Available | Now |
West
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7-9 Islington Green
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