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William Hill Investment For Sale – 239 Upper Street N1

Published: 03/10/2016

We are delighted to be instructed to dispose of the Freehold interest in 239 Upper Street, Islington N1. The property comprises a large ground floor retail unit let to William Hill Organization Limited for a term of 10 years from 18th August 2014 at a passing rent of £49,500 per annum.

We are instructed to seek offers in excess of £950,000 exclusive and subject to contract for the Freehold interest. At this level the purchase price reflects a gross yield of 5.21%, a net initial yield of 4.93% and a reversionary yield of 6.47% based on purchaser’s costs of 5.69%.