Stirling Ackroyd acting on behalf of a private investors have successfully advised on the acquisition of the long leasehold investment of 12 Union Wharf, N1.
The unit is located on the popular Wenlock Road N1 and benefits from Live/Work consent. The unit is fully self-contained and provides 1,600 sq ft of industrial style space arranged over ground and mezzanine.
The transaction involved a simultaneous sale and leaseback to current occupants D1 Model Management Ltd achieving a net initial yield of 6%. D1 Model Management are an innovative global agency who have been based in the area for over 10 years and continue to thrive in this location
Wenlock Road is ideally positioned within walking distance to both Old St and Angel tube stations and in close proximity to a variety of shops, bars and restaurant’s as well as the open spaces of the nearby Shepherdess Walk Park.