Retail premises for sale

Essex Road, London, London N1

Prime Freehold Convenience Store & Off-Licence Investment Opportunity – Islington
This fully fitted convenience store and off-licence presents an exceptional turnkey investment and trading opportunity in the heart of Islington. The property is offered with existing fixtures and fittings included within the sale price, providing an incoming purchaser with the ability to commence trading immediately with minimal additional capital expenditure.

Should the premises continue to operate as a convenience store and off-licence with full stock and staffing levels in place, projected weekly turnover is anticipated to exceed £25,000 per week, highlighting the strong trading potential of this established location.

Location
Situated at the prominent southern end of Essex Road, the property occupies a highly visible position within a busy and established retail parade, benefiting from a strong mix of national occupiers and successful independent retailers. The location enjoys excellent transport connectivity, with Essex Road Railway Station just a 3-minute walk away, Highbury & Islington Station approximately 12 minutes on foot, and numerous bus routes serving the immediate area, generating consistent pedestrian flow and strong local trade.

Description
An outstanding freehold retail investment opportunity comprising a prominent convenience store in one of North London’s most vibrant and densely populated residential and commercial districts. The property benefits from strong frontage, established trading history, and excellent local demographics, making it highly attractive for both investors and owner-occupiers.

Accommodation
Ground Floor Retail Unit:
2,489 sq. Ft. (231 m2) NIA

(Areas are approximate and measured on a Net Internal Area basis.)

Tenure
Freehold, subject to existing commercial tenancy arrangements.

Tenancy
The property is currently let to Nisa Enterprises on a 10-year lease commencing June 2018 through an assignment from The Co-operative Group, supported by an Authorised Guarantee Agreement (aga). The lease falls within the provisions of the Landlord and Tenant Act 1954.

Rental Income
The property currently offers strong investment fundamentals, with rental income achievable in the region of £65,000 per annum, exclusive.

Covenant Strength
The Co-operative Group is one of the UK’s largest and most established retail organisations, operating over 2,500 food stores nationwide and employing approximately 70,000 staff. The Group’s substantial operational scale, diversified business model, and strong brand recognition provide investors with confidence in the long-term security of income.

Proposal
Offers are invited in the region of £900,000 plus goodwill, subject to contract and existing tenancy arrangements.

The opportunity represents a rare chance to acquire a highly prominent London freehold asset with strong trading potential, secure underlying fundamentals, and excellent long-term investment prospects within a thriving Islington location.