Investment sale of an 18 retail unit parade with residential upper parts in N14

In Q2 2022, we successfully completed the sale of an unbroken parade of 18 retail units with residential upper parts at 1-18 Onslow Parade, Southgate, N14. This property, located in a prime position within an established commercial area in North London. The sale achieved an impressive price of £4.25 million, reflecting a net initial yield (NIY) of 5.45%.

The parade comprises 18 well-maintained retail units, each benefiting from high footfall and visibility, as well as residential units above. The mixed-use configuration offered a stable income profile with a blend of long-term retail tenants and residential lettings, making it a compelling proposition for investors.

 
The property attracted significant interest from institutional and private investors, culminating in a sale price of £4.25 million. This figure not only demonstrated the strength of the North London property market but also reflected the asset's quality and income-generating potential. The achieved NIY of 5.45% underscored the property's appeal as a robust, low-risk investment opportunity.