Two Brewers 109-110 Roman Way 2,370 SF Retail Building London N7 8UR $1,570,907 ($662.83/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Great local amenities
- Heavy daytime footfall
- Short walk to Caledonian Road Station
EXECUTIVE SUMMARY
The ground floor and basement pub operates under a license agreement, generating £78,000 per annum, inclusive of services and Sky. Development Potential: Planning permission is pending for an extension to the upper parts, adding two additional floors, creating a total of three floors above the pub.
Planning Application Reference:
P2022/0545/FUL This is a high-yielding freehold asset with strong existing income and exciting value-add potential through development.
Planning Application Reference:
P2022/0545/FUL This is a high-yielding freehold asset with strong existing income and exciting value-add potential through development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
2,370 SF
Building Class
B
Year Built
1963
Price
$1,570,907
Price Per SF
$662.83
Cap Rate
6.50%
NOI
$102,109
Tenancy
Single
Building Height
2 Stories
1 of 1
NEARBY MAJOR RETAILERS
