Located in Islington, one of London’s most affluent Boroughs.
Situated on Essex Road which benefits from a variety of pubs, bars, shops and restaurants. The asset is additionally in close proximity to Islington Green, Upper Street and Angel Underground Station.
Nearby occupiers include Tesco Express, Sainsbury’s, Waterstones, Barrio, Simmons Bar, Jolene Bakery and the Old Queens Head.
Comprises three ground floor units providing a total floor area of 7,926 sq ft (736.4 sq m).
The three units are held on separate long leasehold interests at fixed peppercorn rents.
Fully let to Floatworks, Brewdog (sublet to Hollow Rocks) and Balfe’s Bikes, producing a total rent passing of £221,500 per annum (annual stepped rents to be topped up).
Attractive Average Weighted Unexpired Lease Term of 9.8 years to expiry (8.7 years to break).
Prime retail and leisure investment opportunity for sale in London
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