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RECENTLY CONSTRUCTED B1 OFFICE BUILDING WITH PARKING – FOR SALE

For Sale
Melody Lane, London N5 2BQ
PRICE Upon Application

LOCATION:

The building is situated within this private courtyard, being part of a new development of houses and other commercial B1 buildings. Melody Lane is immediately off Highbury Grove and immediately opposite Highbury Playing Fields. The building is well served by local shops, restaurants, cafes and bars. The Emirates Stadium is also close by. Transport facilities are good with both Highbury & Islington and Finsbury Park underground and British Rail stations being close by. Numerous bus routes also serve the area.

DESCRIPTION:

Comprises a self-contained B1 office building constructed in 2015. Arranged on ground first and second floors with the benefit of parking for 5-6 cars and an outside roof terrace at second floor level. The building has been completed to a very high standard of finish with each floor providing open plan and private office areas.

AREA: (All Dimensions Are Approximate)

Ground Floor 2,500 Sq Ft (232 Sq Ft) – VACANT

First Floor 2,550 Sq Ft (237 Sq Ft) – LET

Second Floor 1,870 Sq Ft (174 Sq Ft) – LET

TOTAL AREA 6,920 Sq Ft (643 Sq Ft)

TERMS:

TENANCY:

The second floor is currently let to McDonald Architects on a 5 year lease from 19th October 2016 without rent review at a current rental of £65,894 pax plus VAT. The lease is outside the security of The Landlord & Tenant Act 1954.

The first floor has been Let to Global Retail Technology LTD on a full repairing & insuring lease for a term of 5 years from 12th October 2018, without rent review. The tenant has the right to break the lease at the end of the 3rd year. Current rental £90,000 pax. The lease is outside the security of The Landlord & Tenant Act 1954.

Total Rental Income £155,894 pax.

TENURE:

Freehold with the benefit of the income from the first & second floors with the ground floor being vacant upon completion of a sale.

PRICE:

Upon Application (VAT is applicable)

EPC:

C Rating

VIEWING:

Strictly by appointment through owner’s sole agents.

 

SUBJECT TO CONTRACT

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: May 2018.
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Address

Melody Lane, London N5 2BQ
United Kingdom
London
Highbury East

Additional Details

PRICE Upon Application
6,920
643
Freehold/Long Leasehold

Location On Map

Contact Team Member

Paul Stone <i>FICBA FNAEA</i>

Paul Stone FICBA FNAEA









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