Yield : 5%
Located in one of the fastest-growing areas of London with a predicted population growth rate of 5.9% between 2017 and 2022, this new commercial property for sale in London is situated in Finchley Central, a mere 27 minutes’ tube journey from the city.
Opened in February 2018, this 5,234 sq ft food store for sale occupies the ground floor of a newly constructed mixed-use development which includes 77 residential homes. Let until 2032 to a leading UK food brand, the RPI indexed rent is reviewed every five years, collared at 1% and capped at 4% per annum.
With a rent of £132,500 per annum based on a 15-year lease (with 10 year TBO), this commercial property for sale represents a safe investment even in a period of uncertainty.
Finchley is a popular suburb in north-west London, in the borough of Barnet. With access to the Northern line, travelling to central London is easy and residents can get to Kings Cross St Pancras in 18 minutes and Bank in 27 minutes.
Businesses close by include various restaurants, coffee shops, estate agencies as well as Lloyds bank amongst many others.