Retail premises for sale

Holloway Road, Holloway N7

Well positioned Freehold for Sale on Holloway Road - consists of 1x commercial Unit and 2 x one Bedroom Flats

Location
Positioned on the western side of the Holloway Road (A1), the main route north out of London. The subject property is uniquely located 2 minutes walk from London Metropolitan University and 6 minutes from Emirates Stadium. The location is a busy thoroughfare being only 300 meters from Holloway Road Underground Station (Piccadilly Line) and numerous bus routes servicing the area.

Postcodes of N7 and N19 are predicted to have higer growth than the more traditional post codes of N1 and N5 in Islington.

Description
This near end of terrace investment opportunity consists of a retail unit which occupies the ground floor and basement and further benefits from 2 x one bedroom flats which benefit from there own separate entrance

Commercial:
The current Commercial Tenant is on a 10 year Fri lease (granted July 2021) with an upward only rent review in the 5th year, paying £25,000 pax

Residential:
Both are let on AST's:
Flat 1: £18,000 pa
Flat 2: £15,840 pa

total income: £58,840 pa

accommodation
Retail Unit:
Ground floor - 322 sq Ft (30 Sq M)
Basement - 143 Sq Ft (13 Sq M)

Residential Units:
First Floor - 409 sq ft
Second Floor - 441 sq ft

Gross Internal Area: 1461 sq ft

amenities
Close to Holloway Road station.
Moments Arsenal Football Stadium.
Adjacent to London Metropolitan University
Bordering Highbury, Holloway and Barnsbury
Prominent glass fronted shop front
Fully Let Investment

terms
Sale of Freehold

outgoings
Parties are advised to contact the local authority to make their own enquiries.

Legal costs
Each party to bear their own legal costs.

Viewing
Strictly by appointment through Drivers and Norris.