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- Opportunity to forward purchase a new London restaurant investment.
- Located in the London Borough of Barnet.
- Situated in a highly prominent corner position fronting the HighRoad immediately north of Tally Ho Corner.
- New commercial and residential property currently under construction with completion due Q3 2019.
- Virtual Freehold of the ground floor and basement for a term of 999 years at a peppercorn from completion.
- The investment provides highly secure income.
- Agreement for lease in place to Nando’s Chickenland Limited - Shareholders Funds £190m.
- 20 year lease (15 years term certain).
- The rental income will be £100,000 per annum.
- We are instructed to seek offers in excess of £2,090,000 (Two million and ninety thousand pounds), subject to contract.
- This reflects a Net Initial Yield of 4.50%, based on purchasers’costs of 6.30%, and a Capital Value of £569 per sq ft.
- The residential element of the property can be made available by separate negotiation. Further details available upon request.
