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 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)
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.
Both flats are currently let on Assured Shorthold Tenancies (AST):
Flat 1: £14,300 per annum
Flat 2: £14,820 per annum
£47,120 per annum
Offers in excess of £950,000, Subject to Contract, with the benefit of the existing Tenancies.
Each party to bear their own legal costs.
Under the Estate Agents Act 1979, Section 21, the Agents declare personal interest in the subject property.
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
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.
Location On Map
See other properties which may also be of interest to you.