Investment Properties: 744 High Road, London, N12 9QG


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.