It is a restaurant in London.
The total building area is 202 m².
The property is divided into two commercial units, one of which is a coffee bar and bakery, and another is a restaurant for 60 seats.
All areas are fully leased out to various tenants.
There is a possibility to develop additional 120 m² of residential or commercial space which will be accessed from a neighboring residential unit.
Absolute income is 140,000 £.
The current yield of 4,9%.
Transaction costs of 5,75%.
There are two tenants.
Lease contract with the first one is signed for 15 years until 2023 with no break clauses. The lesse bears all repair and insurance costs.
Lease contract with the second is signed for 25 years until 2022 with no break clauses. The lesse bears all repair and insurance costs.
The property is situated in Islington.
A metro station and the train station, from where you can reach central London in 8 minutes, are located in minute walking distance.