LOCATION

The property is located along the busy Holloway Road, close to its junction of Liverpool Road and Drayton Park. The property is within a short walking distance of the Emirates Stadium and the London Metropolitan University. Transport links are excellent with Holloway Road (London Underground Piccadilly Line), Highbury & Islington (London Underground Victoria Line & London Overground) and Drayton Park (National Rail) Stations in close proximity. Numerous bus routes also serve the area.

DESCRIPTION

The property comprises a commercial unit arranged over the ground floor and basement with 2 x one-bedroom flats above which benefit from separate access.

AREAS (ALL DIMENSIONS ARE APPROXIMATE) 

• Ground Floor (Commercial – Sales) -322 Sq. Ft (30 Sq. M)
• Basement (Commercial – Ancillary) – 143 Sq. Ft (13 Sq. M)
• First Floor (Residential) – 382 Sq. Ft (35 Sq. M) Flat 1
• Second Floor (Residential) – 403 Sq. Ft (37 Sq. M) Flat 2
• TOTAL AREA -1,250 Sq. Ft (116 Sq. M)

TENANCIES

Commercial

Currently let to Mr Ugur Ibrahim Yalgin on a Full Repairing and Insuring Lease for a term of 10 years from July 2021, subject to an open market, upward only rent review at the end of the 5th year, at a rental of £25,000 per annum exclusive.

Residential

Both flats are currently let on Assured Shorthold Tenancies (AST):

Flat 1: £16,200 per annum

Flat 2: £15,840 per annum

TOTAL INCOME:

£57,040 per annum

PRICE

£950,000

LEGAL COSTS

Each party to bear their own legal costs.

IDENTIFICATION:

In accordance with Anti-Money Laundering Regulations, two forms  of identification will be required from the successful purchaser.

VIEWING

Strictly by prior appointment through SOLE Agents as above.

CONTACT:

Mert Seyhan (020 7482 1203 / 07506 732734 / [email protected])

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: August 2021.