Broken Parade, Holloway Road
155 Holloway Rd, London N7 8LX, UKBasic Facts
Property ID: 18497 | Post Updated: 2024-04-15 12:13:56 |
Status: Acquired | Type: Retail - other |
Tenure: Freehold | Area: 7435 sq ft |
Gross Rent: £ 252,500 | Gross Yield %: 7.9 |
VAT applicable: Yes (TOGC Available) |
Property Description
- Freehold broken parade of 10 shops
- Combined retail of 7,435 sq ft
- 70% Let with a WAULT of 6.47 years
- Upcoming rent reviews of 86% within next 2 years
- Active asset management potential
Location Description
- A well supported neighbourhood parade benefitting from resilient trading post-Covid, being a thriving essential goods and services location.
- In close proximity to Highbury & Islington, Holloway Road, and Drayton Park underground and national rail stations.
- Nearby occupiers include Waitrose, Majestic Wine, Black Sheep Coffee, Pret, and Nando’s.
Tenancy & Covenant Information
- A total of 10 ground floor units produce an icome of £252,500 p.a.
- Various FRI leases with earliest expiry 2029 and latest 2038
- 3 Vacant units (rental guarantees in place.