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744 High Road, London, N12 9QG

OIEO £2,090,000 subject to contract.
  • 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.
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