190 Fore Street, London, N18 2JB
Size
1,212
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rare opportunity to acquire a 999-year long leasehold interest (996 years unexpired) of a well secured investment in a well-located North London retail investment.
- The property comprises a ground-floor retail premises extending to approximately 1,212 sq ft (112.57 sq m).
- The property benefits from an established, operational Bingo License.
- Fully let to Merkur Slots UK Limited on a 15-year lease from 24 April 2023, producing £80,000 per annum.
- Approximately 6.7 years’ term certain to the tenant break on 23 April 2033 and 11.7 years to lease expiry.
- The lease benefits from an upwards-only rent review in 2028 & 2033.
- Merkur Slots UK Limited is an established national gaming operator which reported turnover of £213.7 million and net assets of £18.8 million for the year ended 31 December 2025.
- Price: £800,000 (Eight Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 9.50%, subject to purchaser’s costs.
Description
The property comprises a well-configured ground-floor retail unit forming part of a mixed-use parade on Fore Street.
The accommodation extends to approximately 1,212 sq ft (112.57 sq m) and benefits from a prominent glazed frontage, open sales area and rear ancillary accommodation.
The unit is fitted and trading as a Merkur Slots gaming venue. The lease permits adult gaming and amusement centre use, Class E use, or another use approved by the landlord in accordance with the lease.
The established bingo license may carry additional scarcity value given the increased planning scrutiny applicable to new gambling premises, following the decision to scrap the aim to permit licensing rule.
Location
The property occupies a prominent position on the east side of Fore Street, close to its junction with Raynham Road, in the densely populated North London suburb of Upper Edmonton.
Fore Street forms part of the A1010, providing direct access towards Central London and the A406 North Circular Road, which is approximately 600 metres from the property.
Silver Street station is within a short walk and provides direct Weaver line services to Seven Sisters, Hackney Downs and London Liverpool Street. Nearby occupiers include Lidl, Tesco Express, Subway, Pizza Hut, KFC, Padd Power and Admiral Casino, together with a broad mix of established independent retailers and restaurants.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Tenure
- Leasehold
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Brochure
190 Fore Street, London, N18 2JB
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Disclaimer - Property reference 399885-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Irving Burns Limited , Robert Irving Burns. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.