Location On Map
FREEHOLD INVESTMENT FOR SALE
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.
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)
Currently let to 62 Sixty Two Waffle & Dessert Limited 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.
Both flats are currently let on Assured Shorthold Tenancies (AST):
Flat 1: £14,040 per annum
Flat 2: £15,340 per annum
£54,380 per annum
£900,000, Subject to Contract, with the benefit of the existing Residential Tenancies.
Each party to bear their own legal costs.
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful purchaser.
Strictly by prior appointment through SOLE Agents as above.
Mert Seyhan (020 7482 1203 / 07506 732734 / firstname.lastname@example.org)
SUBJECT TO CONTRACT