Sold

Units 1-3, Lawrence Square, West Green Road, London N15 4EB

LONG LET RETAIL INVESTMENT OPPORTUNITY WITH 25 YEARS UNEXPIRED TERM

Offers in excess of £990,000

Property Type:
Commercial
Sub Type:
Retail
Net Initial Yield:
6.27%

Income

£65,000 per annum

Description

  • Newly built retail unit located in the busy north London district of Seven Sisters
  • Prominently located on West Green Road, within an 8 minute walk of Seven Sisters Underground and Railway Station
  • 3,595 sq ft (334 sq m) of ground floor accommodation set within the brand new Bellway Homes Lawrence Square residential development
  • Let to Dayi Limited (trading as Dayi Food Express) on a new 25 year lease (no breaks)
  • Low passing rent of £65,000 per annum reflecting (£18.08 psf)
  • Virtual Freehold

Offers in excess of £990,000 (Nine Hundred and Ninety Thousand Pounds) reflecting a NIY of 6.27% assuming standard purchasers costs of 5.73%.

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