AG&G acted for a private vendor in the sale of the Hoxley & Porter on Upper Street, in London’s Islington, to a private investor.
Key info about the pub
Freehold investment let to Ei Group plc until 2045
Attractive Listed Grade II building
Lease term 35 years (27 years unexpired) with a passing rent of £82.5k per annum
Circa 600m from Highbury & Islington Station (Overground & Victoria Line)
Gross internal area approximately 300sqm (3,227sq ft)
The sale price produced a net initial yield of circa 3.7%.