Rarely available Chapel Market Islington Freehold Investment Income £50,500 PA with a Gross Yield of 7.83%
- TOTAL INCOME £50,500 PA - No VAT
- Located on the popular and busy Chapel Market (one of London's last remaining authentic street markets)
- Upper parts sold off on a 999 year long lease with a ground rent of £500 PA
- Ground floor and basement let to Rough Cut Casuals Limited, a well established school uniform provider in occupation.
- Excellent transport links with Angel Tube Station (Northern Line) 400m away and Kings Cross St Pancreas Station 1km
- Subject to a 25 year lease to Rough Cut Casuals Limited granted January 2016.
- freehold
16 Chapel Market is Grade II listed freehold property arranged over 5 floors with a well established school uniform retailer occupying the commercial element and a collection of residential apartments above. The residential element has been sold off on a 999 year long lease and benefits from a £500 PA ground rent payable to the freehold.
The commercial element is let to Rough Cut Casuals Limited (formally known as Young Folk) a well established school uniform retailer who have been in occupation since 1976 with the current company incorporated in 2002. The retail element is let on a 25 year lease granted 2016 with a passing rent of £50,000. No tenant breaks for the remainder of the lease and five yearly Rent Reviews with the January 2026 review agreed at £50,000 pa.
Address:
16 Chapel Market, Islington, London, N1 9EZ
Type:
Retail
Tenure:
freehold
Unit & Floors
| Unit | Floor | SQ FT / SQ M | AVAILABILITY |
|---|---|---|---|
| 1 | Ground | 1227 / 114 | Available |
| 2 | basement | 565 / 52 | Available |
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