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Henderson Property UK Unit Trust have completed the purchase of the Freehold interest in a 1.3 acre mixed use investment opportunity with future development potential in Muswell Hill London.

The site occupies a prominent corner position at 107-143 Muswell Hill Road and the space comprises 22,864 sq ft of accommodation. This includes an Odeon Cinema, 6 retail units of 8,000 sq ft and 10 residential units let on AST’s or regulated tenancies.  The retail, leisure and residential properties have a total rent roll of £487,952 per annum. The proportion of this income is split two thirds in favour of commercial. 62% of the commercial income has in excess of 10 years unexpired.

The property offers redevelopment potential, with potential purchaser’s considering a variety of different angles. Planning permission previously existed for an additional floor to be added on to the residential element which would add a further 5 flats.

The sale price of £8,100,000 reflects 5.65% on a net initial basis. Allsop National Investment team represented the private Vendor whilst Henderson were represented by AHBN and Larraby Land .


Notes to editor

Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house.  Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.

 

Contact

To arrange an interview or for the supply high resolution images or further information please contact Anna Jones
Anna.Jones@allsop.co.uk
020 7543 6728