Freehold Shop and 2 Flats Investment
For Sale
Summary
- Highly Prominent
- Shop with 2 Self Contained 1 Bed Flats
- Within Walking Distance of London Metropolitan University and The Emirates Stadium
- Excellent Transport Links
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.
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 Road4 mins
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Drayton Park4 mins
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Highbury and Islington7 mins
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Caledonian Road8 mins
Further Information
Rates Payable Upon Enquiry
Description
The property comprises a retail unit arranged over ground floor and basement with 2 self-contained one-bed flats above which benefit from separate access.
Specifications
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
Second Floor (Residential) : 403 Sq Ft 37 Sq M
TOTAL AREA 1,250 Sq Ft 116 Sq M
Commercial
The premises are 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: £18,000 per annum
Flat 2: £15,840 per annum
TOTAL INCOME: £58,840 per annum
PRICE: £950,000
LEGAL COSTS: Each party to bear their own costs
Viewings
Strictly by appointment through SOLE agents
Gallery
