Highly Prominent Retail/Office Building Investment
Ideal for Development/ Change of Use
Freehold For Sale
Summary
- Income Producing From the Shop and Basement £26,000 pax
- Offices Fully Vacant
- Highly Prominent
- Ideal for Development/Change of Use
- Potential for Adding Additional Floor at the Rear of the Building (Subject to Obtaining Consent)
- Adjacent Occupier London Metropolitan University & Jamie Oliver Cookery School
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Ground Floor Shop | 1,550 | 144 | Available |
| Basement - Storage | 1,862 | 172.99 | Available |
| 1st - First Floor Offices | 2,131 | 197.98 | Available |
| 2nd - Second Floor Offices | 538 | 49.98 | Available |
| 3rd - Third Floor Offices | 484 | 44.97 | Available |
| Total | 6,565 | 609.92 |
Location
The property is located in a highly prominent position on the North East side of Holloway Road (A1) close to the junctions of Drayton Park and Hornsey Road. Adjacent occupiers include the London Metropolitan University, Jamie Oliver Cookery School together with many well known multiple and local retailers, bars and restaurants. The Emirates Stadium is within walking distance. Transport facilities are excellent with Holloway Road Underground Station (Piccadilly Line) and Highbury & Islington Underground Station (Victoria Line) both being within walking distance. Numerous bus routes also serve the area.
Get directions from Google Maps
Mainline Stations
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Drayton Park4 mins
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Highbury and Islington8 mins
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Caledonian Road and Barnsbury12 mins
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Canonbury15 mins
Underground Station
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Holloway Road3 mins
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Drayton Park4 mins
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Highbury and Islington8 mins
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Caledonian Road8 mins
Further Information
Price £1,400,000
EPC Rating This property has been graded as D (87)
Description
Comprises a highly prominent retail/office building arranged as a ground floor shop and basement together with self contained first, second and third floor offices. The ground floor shop and basement is tenanted with the upper floors vacant which provides an opportunity for a change of use/development of the offices either by way of permitted development rights. There is also a possibility of adding additional space at the rear of the building (Subject to obtaining the Necessary Consents)
Shop and Basement
The ground floor shop and basement is Let to 21st Centuryretro Limited on a proportional Full Repairing and Insuring Lease for a term of 15 Years from the 15th June 2010 at a current rent of £26,000 pax plus Vat. Negotiations are taking place with the tenants for them to take a new Proportional Full Repairing and Insuring Lease for a term of 10 Years from June 2025 subject to a rent review at the end of the 5th Year and also subject to a Landlord or tenant break clause operable at the end of the 3rd Year at a commencing Rental of £31,800 pax plus Vat.
Price
£1,400,000 plus Vat with the benefit of the income from the Shop and basement.
Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful tenant.
Viewings
Strictly by appointment through owner’s SOLE agents.
Gallery
