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FREEHOLD INVESTMENT FOR SALE

For Sale
136 Holloway Road, London N7 8DD
PRICE Offers in excess of £950,000

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 retail unit arranged over 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 Currency Exchange Corporation Limited on a Full Repairing and Insuring Lease for a term of 10 years from March 2014, subject to an open market, upward only rent review and a Tenant only break at the end of the 5th year, at a rental of £18,000 per annum exclusive.

Residential

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

Flat 1: £14,300 per annum

Flat 2: £14,820 per annum

TOTAL INCOME

£47,120 per annum

PRICE

Offers in excess of £950,000, Subject to Contract, with the benefit of the existing Tenancies. 

LEGAL COSTS

Each party to bear their own legal costs.

NOTE

Under the Estate Agents Act 1979, Section 21, the Agents declare personal interest in the subject property.

IDENTIFICATION

Under the Money Laundering Regulations Act 2004, we are obliged to verify the identity of proposed tenants prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.

COMMERCIAL LEASE CODE

Christo & Co have advised their clients about The Code for Leasing Business Premises in England and Wales 2007. The code strongly recommends seeking professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.leasingbusinesspremises.co.uk

VIEWING

Strictly by prior appointment through SOLE Agents as above.

 

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: January 2018.
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Address

136 Holloway Road, London N7 8DD
United Kingdom
Holloway Road
N7 8DD

Additional Details

PRICE Offers in excess of £950,000
1,250
116
Freehold/ Long Leasehold

Location On Map

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