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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- Sale
- Sold for £2,770,000
- 79 Upper Street London N1 0NU
- Investment
- 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
Director
Private Client