Yield : 5.4%
Located in the heart of the popular and affluent London suburb of East Finchley, this new commercial property for sale represents an interesting investment opportunity.
Let to a very well-established food store since the 1st February 2014 with a 15-year lease, this food store provides a gross internal area of approximately 7,600 square feet located on the ground floor of the building. The current income is at £171,250 per annum. The rent is reviewed every 5th year with the next review planned for the 1st February 2024.
This retail store for sale is located in one of the busiest areas of East Finchley, considered as an established retail destination serving the surrounding suburbs.
East Finchley benefits from excellent access to the city centre thanks to a dedicated underground station (Northern line). This area also has easy access to the Q1000 linking to Central London in the south as well as the North Circular Road and the M25 in the north.
Occupiers close by include various independent restaurants, as well as established brands such as Iceland, Caffé Nero, Sainsbury’s, Subway and William Hill.