£625,000
(£330.16/sq. ft)
Retail premises for saleHolloway Road, London N19
1,893 sq. ft
Freehold
About this property
Commercial freehold, consisting of 3 units, garage/workshop, shop and basement office, with ground rents, potential 10% yield.
Location
The premises are located in a prominent position on the corner of Holloway Road and Fortnam Road in the the heart of this densely populated commercial and residential catchment area. The property is the end plot of a period terrace.
The area is well-served by public transport, with Holloway Road Overground station and Archway Underground Station (Northern Line) nearby, and numerous bus routes serving the immediate area. The property is also located close to Whittington Park recreational grounds, with Sainsbury's Local, Odeon Luxe Cinema, and Pure Gym a short walk away.
Description
The property comprises of a long established automotive workshop where a tyre business was ran for many years, front shop with a beauty business operating at the moment, a basement that is suitable for e-class use as an office or B1 storage and 3 long leasehold residential flats comprising the upper parts.
Rental expectations and income are:
Shop - £25K pa
Automotive workshop/garage: £35K pa
Basement: £7500 pa
Ground rent: £600 pa
Total: £68,100
accommodation
Garage - Gross internal area: 688 square feet
Shop - Gross internal area: 504 square feet
Basement - Gross internal area: 701 square feet
terms
Freehold sale with Vacant Possession.
Outgoings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Legal costs
Each party to bear own legal costs.
Viewing
Strictly via the Landlord's agent, Drivers and Norris.
Location
The premises are located in a prominent position on the corner of Holloway Road and Fortnam Road in the the heart of this densely populated commercial and residential catchment area. The property is the end plot of a period terrace.
The area is well-served by public transport, with Holloway Road Overground station and Archway Underground Station (Northern Line) nearby, and numerous bus routes serving the immediate area. The property is also located close to Whittington Park recreational grounds, with Sainsbury's Local, Odeon Luxe Cinema, and Pure Gym a short walk away.
Description
The property comprises of a long established automotive workshop where a tyre business was ran for many years, front shop with a beauty business operating at the moment, a basement that is suitable for e-class use as an office or B1 storage and 3 long leasehold residential flats comprising the upper parts.
Rental expectations and income are:
Shop - £25K pa
Automotive workshop/garage: £35K pa
Basement: £7500 pa
Ground rent: £600 pa
Total: £68,100
accommodation
Garage - Gross internal area: 688 square feet
Shop - Gross internal area: 504 square feet
Basement - Gross internal area: 701 square feet
terms
Freehold sale with Vacant Possession.
Outgoings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Legal costs
Each party to bear own legal costs.
Viewing
Strictly via the Landlord's agent, Drivers and Norris.
Mortgage calculator
Monthly repayment
£3,126 per month
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