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Metro Bank, High Road, Wood Green, N22

Flagship London Bank Investment
For sale
  • An opportunity to acquire a flagship Freehold London Bank Investment.
  • Densely populated rapidly developing North London suburb.
  • Wood Green is in Zone 3 on the Piccadilly Line.
  • Exceptionally busy trading position benefitting from significant footfall.
  • Neighbouring occupiers include Travelodge, Primark, Argos and Five Guys.
  • A prime retail unit providing extensive frontage with double height glazing.
  • Well configured unit arranged over ground and mezzanine comprising 4,441 sq ft.
  • Let to Metro Bank Plc until 4 June 2039 providing 16.75 years UXLT (TOB June 2029).
  • Current passing rent of £167,500 per annum.
  • Metro Bank Plc has Total Equity of £1.3bn.
  • Ground rent income from 14 residential flats of £2,100 per annum.
  • Total current income of £169,600 per annum.
  • Further development / massing potential.
  • First time on the market for nearly 20 years.
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