Muswell Hill Broadway, London, N10
Disposal of a restaurant investment
Client
Private property company
Price
£4,375,000
Net yield
4.56%
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Situated on Muswell Hill’s main thoroughfare, this Grade II, former church has been arranged as a restaurant, providing 7,946 sq ft across the ground and mezzanine floors.
Entirely let to Mitchells & Butlers Retail Ltd trading under one of their Miller & Carter brands, ‘The Steakhouse’.
Let until March 2032 at a topped up rent of £212,692 pa, it is subject to a further review in 2027 based on 3.5% compounded annually.
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