-Prime freehold retail investment with development potential (STPP)
-Passing Rent: £192,000 per annum
-Net Initial Yield: 4.79%
Acting jointly with Cooper Rose, Fawcett Mead are please to have advised Savills Investment Management on the disposal of 54/55 Chapel Market, Islington.
The 12,195 sq ft prime freehold property benefits from substantial redevelopment potential (STPP) and is let at re-based rents to JD Sports Fashion plc and Superdrug Stores plc.
Graham Fawcett commented "This was an excellent sale and our client was really pleased with the result. We had a number of very competitive offers which demonstrates the demand for quality London retail property."
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