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86 Chase Side 4,873 sq ft Retail Property London N14 5PH £950,000 (£194.95/sq ft) 4.98% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Entire building let to Jenna Restaurants Limited T/A Nurjenna
- Lease expiry on 28th September 2041 (16 years unexpired)
- Current Rental Income of £50,000 pax
EXECUTIVE SUMMARY
The property is a mid-terrace three-storey being part of a retail parade built in the 1930's of brick construction with a double pitched titles roof and which had been extended to the rear at the ground floor level under a flat asphalt roof.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,873 sq ft
Costar Property Class
B
Year Built
1856
Price
£950,000
Price per sq ft
£194.95
Yield
4.98%
NOI
£47,310
Tenancy
Single
Number of Floors
3
Plot ratio
2.35
Total Plot Size
0.05 ac
Frontage
14 ft on Chase Side
AMENITIES
- Security System
- Storage Space
- Air Conditioning
1 1
NEARBY MAJOR RETAILERS
