Prime Islington Retail Investment Sold
Kingsbury were appointed by the private family to advise on the sale of a prominent restaurant and retail investment on Upper Street, which provides one of the most popular retail and leisure destinations within North London.
The property comprised a bakery and family run restaurant on the ground floor with the residential flats above sold off on long leaseholds.
A comprehensive marketing campaign was undertaken in order to maximise value, and following a number of offers being made by a wide range of potential suitors, terms were agreed and contracts exchanged achieving a 4.7% NIY yield for the investment. Completion of the transaction took place 5 days later.
Please get in touch with us if you are considering a sale of your investment opportunity on 020 7183 2529.
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- Sold for £2,770,000
- 79 Upper Street London N1 0NU
- Retail and Restaurant Investment
- Income of £140,950 per annum
- Prime Upper Street location
- Potential for development S.T.P.P.
Kingsburys track record with these types of office buildings speaks for itself, and this experience was apparent when advising us on the most beneficial route to take to achieve a sale