Cooper Rose LLP has launched the sale of a prime retail investment with development potential in Islington, London N1,
Islington, London N1 - one of the capital’s most affluent boroughs and a vibrant residential, business, retail and leisure area.
Located close to The City of London and the West End, benefitting from central London’s comprehensive transport infrastructure.
Situated on the southern side of the pedestrianised Chapel Market, one of Islington’s busiest retailing thoroughfares, close to Angel Underground Station.
Two substantial retail units totalling 12,195 sq ft.
Let at re-based rents to the undoubtable covenants of JD Sports Fashion plc & Superdrug Stores plc.
Potential for full or partial redevelopment (STPP).
Total current income: £192,000 per annum
Price: £3,150,000 (subject to contract and exclusive of VAT)
Net Initial Yield: 5.73%
Contact Giles Cooper or our joint agents, Fawcett Mead
