For Sale
Freehold with tenants in situ

Ivy House

Finsbury Park, N4 2DE

An Income producing Investment Opportunity benefitting from Sui Generis use class and consisting of 93 self-contained studio flats.

Consisting of 93 self-contained studio flats, all with en-suite bathrooms, kitchens plus ancillary facilities arranged over 29,627 SQFT of GIA.

The building is leased to The London Borough of Hackney until 2027. The lease commenced on 21st September 2020, expiring in September 2027. There is a tenant only option to renew for a further 7 years.

Gross revenue of £1,582,391 per annum.

Located adjacent to Manor House Tube Station – Piccadilly Line.

160 meters (0.09 miles) from the 115-acre Finsbury Park.

We are instructed to invite offers in excess of £18,000,000 which reflects a gross initial yield of 8.79%, a net yield of 7.62% and £607 on a per square foot capital value basis.

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Vandermolen Real Estate Ltd is not authorised by the FCA. We are a credit broker and not a lender. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency, we work with a commission model based on the amount you borrow. Further details of the commission model, calculation, and amount will be disclosed to you through your customer journey. ICO Registration Number: ZA832978
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